Price of Mustard oil, Vanaspati and others: The prices of edible oil have started showing a declining trend across a wide array of oils, the Food and Consumer Affairs Ministry said.
According to the data from the Department of Consumer Affairs, the prices of edible oils have started coming down over the past month. In some cases, the decline is at around nearly 20 percent, as shown in Mumbai.
Reportedly, the price of palm oil was Rs 142 per kg on May 7 but it came down to Rs 115 per kg, plunged by 19 percent, while the sunflower oil, which was being sold at Rs 188 per kg on May 5, is now at Rs 157 per kg, a decline of 16 percent.
On the other hand, the price of soya oil in Mumbai was Rs 162 per kg on May 20, which dropped by 15 percent to Rs 138 per kg.
The mustard oil price was at Rs 175 per kg on May 16, and is now down to Rs 157 per kg, a drop of around 10 percent. The groundnut oil which was at Rs 190 per kg on May 14 has now come down to Rs 174 per kg, a drop of 8 percent.
Vanaspati price was at Rs 154 per kg on May 2 while it has now come down to Rs 141 per kg, a drop of 8 percent.
Here are the prices of edible oils (as shown in Mumbai):
- Palm oil – Rs 115 per kg
- Sunflower oil – Rs 157 per kg
- Soya oil – Rs 138 per kg
- Mustard oil – Rs 157 per kg
- Groundnut oil – Rs 174 per kg
- Vanaspati – Rs 141 per kg
The Ministry stated that the prices of edible oil depend on a complex set of factors including international prices, and domestic production.
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