Centre says edible oil prices have reduced. Check rates here

Consumers have said that they were forced to cut down costs while shopkeepers said that they faced questions from customers over rising prices of edible oils.

The ministry of consumer affairs, food and public distribution on Wednesday said that prices of edible oils have reduced in the past month and declined up to almost 20% in certain categories. Rising prices of edible oils concerned customers as essential edible oil prices spiked in May and June.

Refined sunflower oil 15 liter tin containers sit waiting to be sealed by an employee (Bloomberg)

“Over the past month, the prices of edible oils have reduced. In certain categories the decline is up to almost 20%,’ the ministry said. “The prices of edible oil are dependent on a complex number of factors which also include international prices and domestic production. As there is a large gap between domestic production and consumption the country imports a significant amount of edible oil,” the ministry further added.

The government said that it is working on mid-and long-term measures to resolve the issue permanently. Shopkeepers and consumers have expressed their concern over the rise in the prices of edible oil. Consumers have said that they were forced to cut down costs while shopkeepers said that they faced questions from customers over rising prices.

Following are the prices of edible oils (as shown in prices in Mumbai):

• Palm oil - ₹115 per kg
• Sunflower oil - ₹157 per kg
• Soya oil - ₹138 per kg
• Mustard oil - ₹157 per kg
• Groundnut oil - ₹174 per kg
• Vanaspati - ₹141 per kg

(with ANI inputs)