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Prices of cooking oils are set to fall this month: Industry executives

Prices of cooking oils are set to fall this month: Industry executives
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Low production, high demand: Why edible oils are getting costlier

updated: Jun 01 2021, 16:57 ist The price of several edible oils sold in India has increased by up to 70 per cent in the last year. According to data released by the Consumer Affairs Ministry, the price of groundnut oil has gone up by up to 61 per cent, while mustard oil is nearly 70 per cent costlier in 2021. As a consequence of this, the common man s budget is taking a hit. But why are edible oils getting costlier? The increasing demand for edible oil coupled with relatively lower domestic production are some of the key reasons for the rise. As per a report by the

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