The government has directed the edible oil industry in India to reduce the retail prices of essential commodities immediately. Blackmailing with the sharp fall in international rates for the last two months, food secretary Sanjeev Chopra has ordered representatives of edible oil associations to pass on the benefit of lower prices to consumers. , Industry News, Times Now
The average retail prices of packaged edible oils have eased slightly, except for groundnut oil, across the country since the beginning of this month, according to government data.
FMCG firm has reduced the MRP of Fortune refined Sunflower oil’s 1-litre pack from Rs 220 to Rs 210 and MRP of Fortune Soyabean and Fortune Kachi Ghani (mustard oil) 1-litre pack from Rs 205 to Rs 195.