FreeCurrencyRates.com

इंडियन आवाज़     21 Jan 2022 03:43:16      انڈین آواز

Govt states major edible Oil companies cut prices by 15 to 20 rupees per litre

FILE PHOTO

AMN

The government has said that as per the trend from 167 price collection centers, the edible oil prices have declined significantly in the range of 5 rupees and 20 rupees per kilogram in the major retail markets across the country. Ministry of Consumer Affairs, Food and Public Distribution in a statement said that major edible Oil players including Adani Willmar and Ruchi Industries have cut prices by 15 to 20 rupees per litre.

The other players that have reduced the prices of edible oils are Gemini Edibles and Fats India, Hyderabad, Modi Naturals, Delhi, Gokul Re-foils and Solvent, Vijay Solvex, Gokul Agro Resources and N.K. Proteins. The Ministry said, consequent upon various measures taken by the government, the duty for Crude Palm Oil is now 7.5% and it is 5 per cent for Crude Soyabean Oil and Crude Sunflower Oil.

It added that the latest step taken by the Government for controlling the prices of various oils is with respect to Soya meal. It said Stock limit on Soya Meal has been imposed with effect from 23rd December, 2021 till June 2022 by including it in the Schedule to Essential Commodities Act, 1955. This will cool down the prices and improve supply. The Government has also suspended futures trading in all essential commodities for a period of one year, upto December 2022.

The Ministry added that the reduction in import duty and other steps like imposition of stock limits to curb hoarding has helped cool down domestic prices of all edible oils and granted much required relief to the consumers.

Leave a Reply

Your email address will not be published. Required fields are marked *

SPORTS

100 entries for National Car Racing Championship

Harpal Singh Bedi Chennai, 18 January : Over 100 entrants including group of promising young racers , will ...

French Open: Novak Djokovic need to be vaccinated to perform, says France’s Sports Ministry

After Australian Open, Novak Djokovic could be barred from playing in the French Open under current rules afte ...

Australian Open: Andy Murray, Daniil Medvedev sail into second round

Former World Number One Andy Murray and favourite Daniil Medvedev advanced to the second round of Australian O ...

خبرنامہ

نسلی امتیاز کے خلاف طاقتور آواز، ڈیسمنڈ ٹوٹو کا انتقال

جنوبی افريقہ کا ’اخلاقی پیمانہ‘ قرار دیے جانے والے نوبل انع ...

وزیراعظم نے اترپردیش کے شاہ جہاں پور میں گنگا ایکسپریس وے کا سنگ بنیاد رکھا۔

AMN وزیراعظم نریندر مودی آج اُترپردیش کے شاہجہاں پور ضلعےمی ...

بھارت نے نئی قسم کے بیلسٹک میزائل اگنی پرائم کا کامیاب تجربہ کیا ہے

WEB DESK بھارت نے نئی قسم کے بیلسٹک میزائل اگنیپرائم کا کامی ...

MARQUEE

Positive parenting vital for protecting children: NCPCR

Staff Reporter National Commission for Protection of Child Rights (NCPCR) Member Pragna Parande has said th ...

Google Doodle Honours Poet, Freedom Fighter Subhadra Kumari Chauhan

WEB DESKOn the occasion of the Indian activist and author's 117th birth anniversary,Google Doodle on Monday, 1 ...

@Powered By: Logicsart