Edible oil prices started decreasing in the retail market, know the new reduced rate list of edible oils
Food Secretary Sudhanshu Pandey said on Wednesday that due to the reduction in international rates and timely intervention of the government, the prices of edible oil have started coming down in the retail market. According to government data, the average retail prices of packaged edible oils, except groundnut oil, have come down marginally across the country since the beginning of this month and remain in the range of Rs 150 to 190 per kg.
Prices have decreased only last week
Last week, edible oil companies - Adani Wilmar and Mother Dairy - reduced the MRP (maximum retail price) for various types of edible oils by Rs 10-15 per liter. Both the companies said that the stock with the new MRP will come on the market soon.
Sudhanshu Pandey said, "The trend in the prices of edible oils is very positive due to timely intervention of the government and global developments." Not only are the prices of edible oil, retail wheat, and wheat flour stable, he said, adding that the rules have been useful to keep domestic prices under check. A senior food ministry official said major edible oil brands have reduced MRP in a phased manner and recently they have cut prices by Rs 10-15 per liter.
Rate List of Edible Oil
According to the data compiled by the Department of Consumer Affairs, the average retail price of groundnut oil (packed) on June 21 was Rs 188.14 per kg as against Rs 186.43 per kg on June 1.
The price of mustard oil has come down marginally from Rs 183.68 per kg on June 1 to Rs 180.85 per kg on June 21. The price of vegetables remains unchanged at Rs 165 per kg.
Soya oil prices declined marginally to Rs 167.67 from Rs 169.65, while sunflower prices declined marginally to Rs 189.99 from Rs 193 per kg.
The price of palm oil declined from Rs 156.52 on June 1 to Rs 152.52 per kg on June 21.
The department monitors the prices of 22 essential commodities like rice, wheat, flour, and some pulses.
Mother Dairy Oil Prices
Mother Dairy, one of the major milk suppliers in Delhi-NCR, said last week that it has reduced the prices of its cooking oil by up to Rs 15 per liter in line with the softening of prices in global markets. The company sells its edible oils under the Dhara brand. The price of Dhara mustard oil (one-liter poly pack) has been reduced from Rs 208 to Rs 193 per liter.
Dhara Refined Sunflower Oil (one-liter poly pack) will now be sold for Rs 220 per liter from the earlier Rs 235. The price of Dhara Refined Soyabean Oil (1-liter poly pack) will be reduced from Rs 209 to Rs 194.
Adani Oil Prices
Adani Wilmar on Saturday cut the prices of its edible oils by Rs 10 per liter. The MRP of a one-liter pack of Fortune Refined Sunflower Oil has been reduced from Rs 220 per liter to Rs 210. The MRP of a one-a liter pack of Fortune Soyabean and Fortune Kachchi Ghani (Mustard Oil) has been reduced from Rs.205 per liter to Rs.195.