Mother Dairy has reduced the price of soyabean and rice bran oils by 14 Rs Per Litre

The government issued a directive to edible oil producers on Wednesday to further reduce the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per litre within a week and to maintain a consistent MRP of the same brand of oil throughout the nation. This directive came in response to a drop in global prices.

Digital Desk: A day after the government instructed edible oil firms to pass on the benefits of a decline in the price of cooking oil globally to consumers, Mother Dairy announced on Thursday that it has reduced the cost of soyabean and rice bran oils by up to Rs 14 per litre.

Under the Dhara brand, Mother Dairy, one of the major providers of milk in Delhi-NCR, offers edible oils.

We further decreased the MRP of Dhara Soyabean Oil and Dhara Ricebran Oil by up to Rs 14 per litre, which will be available in the market by next week, a company spokeswoman, told PTI. "Passing on the advantages of the government's assistance afterwards to the consumers," the spokesperson added.

Dhara Refined Soyabean Oil (Poly Pack) will be sold for Rs 180 per litre after the price reduction as opposed to Rs 194 per litre at the moment.

Dhara Refined Ricebran Oil (Poly Pack) would now cost Rs 185 per litre as opposed to Rs 194 per litre.

In the upcoming 15–20 days, it anticipates a decrease in the MRP (Maximum Retail Price) of sunflower oil.

With the easing of rates in international markets on June 16, Mother Dairy lowered the pricing of their cooking oils by up to Rs 15 per litre.

The government issued a directive to edible oil producers on Wednesday to further reduce the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per litre within a week and to maintain a consistent MRP of the same brand of oil throughout the nation. This directive came in response to a drop in global prices.

Food Secretary Sudhanshu Pandey convened a meeting of all makers and associations of edible oils on Wednesday to examine the current situation and determine how to pass on the declining worldwide prices to consumers by lowering the MRP.

The MRP for all imported edible oils like palm, soy, and sunflower oil will be reduced by up to Rs 10 per litre by next week, according to major producers of edible oils. He asserted that as the cost of these edible oils is decreased, so will the cost of other cooking oils.

Rising customer complaints about unfair trade tactics against edible oil firms were another topic covered at the meeting.