Edible oil will get cheaper: The government has directed the edible oil producing companies to reduce the price by up to Rs 10 per liter within a week. The government also directed that the same MRP (maximum retail price) be maintained for branded oils, led by the same manufacturers of edible oils.
This morning the news reached the middle class of the country. Today, the price of a domestic cooking cylinder has been increased by Tk 50 in one go. However, in the midst of this bad news, a relief was given today on behalf of the vote. Food separate Sudhashu Pak said the government has directed edible oil companies to reduce prices by up to Rs 10 per liter within a week. The government also directed that the same MRP (maximum retail price) be maintained for branded oils, led by the same manufacturers of edible oils.
Ukraine negotiated world edible oil prices in the aftermath of the war. Meanwhile, edible oil prices rose sharply in India after Indonesia imposed a ban on palm oil. However, the current global edible oil prices have already been discussed by the Ministry of Edible Food and the oil industry. At the same time, the food middle class did not reduce the price of edible oil.
Food told the news after the power, ‘We have heard a detailed document from the edible oil supplier. And we call them the global coefficient in the last one week, we’re saying only 10 percent. Consumers should get low profit at this price. We have called them MRP deficits. India is accounting for more than 60 per cent of its edible oil demand. In the last one month, many edible oil companies have reduced their prices by Rs 10 to Rs 15 per liter.
On July 8, the retail price of palm oil was Rs 144.18 per kg, sunflower oil was Rs 175.6 per kg, soybean oil was Rs 165.8 per kg, mustard oil was Rs 17.38 per kg and chinabad oil was Rs 16.36 per kg. 16.39 per kg. In this context, the major oil leaders have promised the government to reduce the MRP of edible oils like palm oil, soybean and sunflower oil by Rs 10 per liter by next week.