Expectations of cheap cooking oil in the country have increased. Now the government has started an exercise to keep the prices of edible oils under control. It is expected that after this exercise of the government, edible oil may become cheaper. In this regard, the Food Secretary has called a meeting with edible oil companies and oil importers on Wednesday.
It is believed that in this meeting, the government can ask the companies involved in the business of edible oil to reduce the prices of edible oils. On behalf of the government, companies, both importers and producers of edible oils, have been asked to attend this meeting. According to sources, the prices of edible oils in the country will be reviewed in the meeting to be held on Wednesday.
Let us tell you that in the recent times, there has been a significant fall in the prices of edible oils in the international market. Despite this, the prices of edible oils in the country have remained elevated. In view of this, on behalf of the government, the importers and producers of edible oil have been called for talks. In such a situation, it is believed that after this meeting, in the coming time, there may be a softening in the prices of edible oils in the country.
Significantly, in the last one month, the prices of edible oils have fallen by up to $ 400 in the international markets. A few days ago, the companies themselves had cut the prices of oils by Rs 10 to 15, but it is not considered sufficient. Now finally the government has intervened in this matter and made up its mind to talk to the oil importers and producers.
In this regard, Food Secretary Sudhanshu Pandey has told the media that in the meeting to be held with edible oil companies, the government will ask the companies to pass on the benefit of the fall in oil prices in the global market to the retail consumers. It is expected that after this decision of the government, there will be a softening in the prices of edible oils in the country. This will be a big relief for the people suffering from inflation.
The post Edible Oil Prices: Edible oil prices may come down! appeared first on Spotlight 7.
source https://spotlight7.com/national/edible-oil-prices-edible-oil-prices-may-come-down/
Comment Policy : The owner of this blog reserves the right to edit or delete any comments submitted to the blog without notice. This comment policy is subject to change at any time. If you have any questions on the commenting policy, please let us know at [blog contact information]..