New Delhi. Within a week, common people are going to get big relief. The Modi government has ordered companies to reduce the price of edible oil. The government has asked companies to reduce the maximum retail price of imported edible oil by up to Rs 10 a liter in a week. Along with this, it has also been asked to keep the price of one brand of oil the same throughout the country. Explain that in India, about 60 percent of the requirement of edible oil has to be imported. The government has given this instruction due to the fall in the prices of edible oil in the market in the past.
After the government directive, the budget of the common people is expected to improve a lot. Last month i.e. in June, the edible oil makers had cut its price by Rs 10 to 15 per liter. Following are the instructions for the fresh cut. That is, now there will be a reduction of about 25 rupees in the price. Sudhanshu Pandey, Secretary, Ministry of Food, has given instructions to cut prices in the meeting of the management of edible oil manufacturing companies. He told that palm oil, soybean and sunflower oil will be cheaper now. This will also reduce the price of other oils. Apart from this, oil manufacturing companies have also been asked to pack it in 30 degree Celsius. So that consumers can get full weight.
According to the Ministry of Consumer Affairs, the average price of palm oil was Rs 144.16 per kg yesterday. Whereas, sunflower oil was priced at Rs 185.77, soybean oil at Rs 185.77, mustard oil at Rs 177.37 and groundnut oil at Rs 187.93 per kg. Now a reduction of Rs 10 in these prices will save a lot of money for the people. Normally around 3 kg of edible oil is used in a household every month.