In view of the fast-rising oil prices in the country every day, the government has made a special plan. Under this plan, prices of edible oils can be seen to fall. The government hopes that with this plan, edible oil will soon become cheaper. The Center on Monday hoped that retail prices of edible oils would soften after the release of imported stocks stuck in wait for clearance at the port.
According to government figures, the retail prices of edible oils have increased by 55.55 percent in a year. Due to this, the problem of consumers already facing the crisis arising out of the Covid-19 epidemic has increased. In response to a question about the steps taken to increase the prices of edible oils, Food Secretary Sudhanshu Pandey said that the government is closely monitoring the prices.
Information was given by the Secretary The Secretary said that the oil industry has recently mentioned that some stock at Kandla and Mundra ports due to delays in approvals related to tests being carried out by various agencies in the form of general risk analysis in view of the Kovid situation. Is implicated.
"This problem has been resolved with the Customs and Food Safety and Standards Authority of India (FSSAI) and as soon as this stock is released in the market, we will get the price of edible oils," he said in a virtual press conference. the effect is expected to be. ''
occurs every year Rs 75 billion
The secretary said that the country is dependent on imports to meet the shortage of edible oil. Yearly, edible oils worth 75,000 crore rupees are imported into the country. According to government figures, on May 8 this year, the retail price of vegetables has increased by 55.55 percent to Rs 140 per kg, compared to Rs 90 per kg in the same period a year ago.
Palm oil price
Like, the retail price of palm oil has gone up by 51.54 percent to Rs 132.6 per kg, from Rs 87.5 per kg earlier, soya oil has risen 50 percent to Rs 158 per kg from Rs 105 earlier, while mustard oil 49 percent increased to Rs 163.5 per kg, which was earlier at Rs 110 per kg.
The prices of peanuts will also increase
The retail price of soybean oil has also gone up by 37 percent to Rs 132.6 per kg during the period, from Rs 87.5 per kg earlier, while groundnut oil has risen by 38 percent to Rs 180 per kg, from Rs 130 per kg earlier.