For the past several days, we have been hearing the news of a sharp increase in the prices of edible oil. And it happened like this, but now recently it has been reported that Mother Dairy, a cooperative company selling edible oil under the brand name 'Dhara', has cut the price of mustard, soybean and sunflower oil. Along with this, other branded oil companies are also going to reduce the prices of their respective brands.
Dhara becomes cheaper by Rs 15: Mother Dairy has said in a statement that the price of all categories of oils under the Dhara brand is going to be reduced by Rs 15. This reduction in price will be on the MRP. The company is going to reduce the prices of Mustard, Soyabean and Sunflower Oil due to recent efforts of the Government, waning influence of international markets and adequate availability of Sunflower Oil at domestic level. Mother Dairy has clarified that the reduced price mustard oil packets are going to reach the market soon.
Palm oil also became cheaper: Let us inform that Sudhakar Rao Desai, President of Indian Vegetable Oil Producers Association has said that the effect of reduction in oil price will start reaching the customers immediately. Right now the price of palm oil has fallen by Rs 7-8 per liter. Whereas sunflower and mustard oil have seen a reduction of up to Rs 10-15 per liter. At the same time, soybean oil has become cheaper by up to Rs 5 a liter.
Fortune oil will also be cheaper: During this time, Angush Malik, managing director of Adani Wilmar, the largest edible oil company, says that the company is going to reduce the MRP of almost all categories of oils under its Fortune brand. Keeping in view the market trend, the packing which is cut in MRP is going to reach the market by next week.
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