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.
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