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Why are edible oil prices falling?
Mustard oil, which was getting Rs 200 a kg a month ago, is now being sold for Rs 187. The prices of soybean oil and palm oil have also come down.
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Dousing the kitchen fire
The round of import tariff cuts last week would bring down price of a kg of edible oil by Rs 15-20, the government hopes.
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A tale of two oils
While government is prompt in giving up revenues to rein in price rise in edible oils, its response to runaway cost of automobile fuels is different.
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Cooking Oil: Retail prices to ease as govt slashes import duty
The government slashing the import duties on edible oil could bring down the retail prices by Rs 4-5 per litre
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Centre directs wholesalers to disclose their stocks as edible oil prices soar
The government has not set any limit on the storage of edible oils to the wholesalers.
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Govt likely to reduce import duty on cooking oils to curb price surge
India is forced to meet over 65% of its domestic demand for cooking oils through imports.
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PM Modi’s mission to make India ‘Atmanirbhar’ in edible oils
To reduce the dependence on imports, PM Modi announced the NMEO-OP initiative to make India self-sufficient in cooking oils, including palm oil.
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Poori on backburner: Edible oil price not to dip before Dec
The price of all edible oils has risen by 55-70% in the past one year and is expected to dip only during the winter
