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Edible Oil Price: Due to the increase in the prices in the international market, there was a strong rise in the prices of edible oils last year. India imports around 13 million tonnes of edible oil every year to meet the domestic demand. Imports getting cheaper are making edible oils cheaper now.
Now you are going to start getting some relief from expensive oil. Government Edible Oils (Edible OilBut the step of reducing import duty is now showing its effect. After Mother Dairy, Adani Wilmar has also announced a cut in the price of edible oils. Mother Dairy, the leading company selling milk in Delhi-NCRMother Dairy) had cut prices of its edible oil brand Dhara by Rs 15 per litre. After this, now on Monday, the country’s leading FMCG company Adani Wilmar (Adani Wilmar) has also announced to cut the prices of its edible oils by 10 percent.
Why is this shortage coming in edible oils? There are two reasons for this. First, the reduction in the prices of edible oils in the international market and the government’s cut in the duty on the import of edible oils in the country. Adani Wilmar has reduced the MRP of one liter pack of its Fortune Refined Oil from Rs 220 to Rs 210 per liter. The new MRP of one liter pack of Fortune Soyabean and Fortune Kachchi Ghani Mustard Oil will now be Rs 195, which was Rs 205 earlier. Now you will not reach the market immediately after hearing this price. Right now you will get the same goods with the old MRP. The company has said that it will soon make the new MRP stock available in the market. The company has also said that due to the reduction in import duty on edible oils by the government, edible oils are becoming cheaper.
Demand will also increase due to cheap oil
Adani Wilmar MD and CEO Angshu Malik says that his company is passing on the benefits of cost reduction to its customers. Angshu believes that due to cheap edible oil, demand will also increase, which will be beneficial.
Edible oil became cheaper by Rs 15 per liter
Mother Dairy’s one liter pack of Dhara Mustard Oil will now come at an MRP of Rs 193 as against its earlier MRP of Rs 208. Dhara Refined Sunflower Oil will now be sold at a price of Rs 220 per liter. Which is being sold till now at Rs 235. Now you will get one liter pack of Dhara Refined Soyabean Oil for Rs 194. Its earlier price was Rs 209.
Mother Dairy has reduced the maximum retail price by Rs 15 per liter across all variants of Dhara Edible Oils. The stock of new MRP is expected to come in the market from next week. The prices of edible oils had risen sharply last year due to rise in prices in the international market. India imports around 13 million tonnes of edible oil every year to meet the domestic demand. Imports getting cheaper are making edible oils cheaper now.
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