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Expectations of cheap cooking oil in the country have increased. Now the government has started an exercise to keep the prices of edible oils under control. It is expected that after this exercise of the government, edible oil may become cheaper. In this regard, the Food Secretary has called a meeting of edible oil companies and oil importers on Wednesday and asked the companies to reduce the prices of edible oils by Rs 18. Due to this, the prices of edible oils may see a fall in the coming days.
Earlier, while giving information about the meeting on behalf of the government, it was said that the companies involved in the business of edible oil would be asked to reduce the prices in the meeting. On behalf of the government, companies, both importers and producers of edible oils, were asked to attend this meeting. In this meeting held on Wednesday, the prices of edible oils in the country were reviewed.
Let us tell you that in the recent times, there has been a significant fall in the prices of edible oils in the international market. Despite this, the prices of edible oils in the country have remained elevated. In view of this, on behalf of the government, the importers and producers of edible oil were called for talks. It is believed that after this meeting, the prices of edible oils in the country may see a softening in the coming time.
Significantly, in the last one month, the prices of edible oils in the international markets have fallen by up to $ 400. After this, a few days ago, the companies themselves had cut the prices of oils by 10 to 15 rupees, but it is not considered sufficient. Now finally the government intervened in this matter and made up its mind to talk to the oil importers and producers.
In this regard, Food Secretary Sudhanshu Pandey told the media that in the meeting with the edible oil companies, the government has asked the companies involved in the business of edible oil to reduce the prices by up to ten rupees.