Edible Price Cut Update: Expensive edible oil prices may come down, the government ordered to reduce the price by Rs 10 to 12 in 15 days

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Edible Oil Price Cut Likely: The prices of edible oil may come down in the coming days. Common people can get relief from expensive edible oil. It is believed that the price of edible oil is expected to come down by Rs 10 to 12 per liter. The central government has asked the representatives of edible oil companies to pass on the benefit of reduction in the prices of edible oil in the international market to the consumers.

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In fact, on Thursday, August 4, 2022, Union Food Secretary Sundhashu Pandey had called a meeting with Edible Oil Associations and other stakeholders. In which it is believed that the government has asked edible oil companies to reduce the prices of edible oil by 10 to 12 rupees within the next 15 days.

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This was the third meeting between the government and edible oil companies. A meeting was also held last month, after which the Department of Food and Public Distribution had ordered all major edible oil associations to immediately reduce the price of edible oil by Rs 15. After which from Patanjali to Adani Wilmar including Many cooking oil companies had cut the prices of edible oil.