Retail edible oil prices drop by Rs 5-20 a kg in major Indian markets

Edible oil prices in the major retail markets across the country have declined by Rs 5-Rs 20 per kg after various measures, including an import duty cut, by the government, Food Secretary Sudhansu Pandey said, adding that branded oil makers have also revised the rates for new stock. Domestic edible oil prices have risen in tandem with the global prices which shot up due to reduced availability of edible oils for food use following diversion for biofuel in Indonesia, Brazil and other countries. “The government has taken a number of steps to ensure consumers get relief from high prices. We are happy to share the trend from 167 centres. Edible oil prices have declined quite significantly in the range of Rs 5 and 20 per kg in the major retail markets across the country,” Pandey said during a press briefing. For instance, retail palm oil price in Delhi declined by Rs 5 to Rs 133/kg on November 3 from Rs 139/kg, while it fell by Rs 18 to Rs 122/kg from Rs 140/kg in Aligarh, Uttar ...