Edible oil producers cut prices days after government directive – check new list of rates of Emami, Gemini and Modi Naturals among others

Days after the government urged the edible-oil producers to reduce the price, most companies such as Adani Wilmar, Emami, and Gemini have slashed the prices of their products with many companies reducing the price by up to Rs 15-30 per litre, Zee Business report said.

Price list of Adani Wilmer

Fortune soyabean oil 1ltr pouch reduced from Rs 195 --- Rs 165

Fortune sunflower oil 1ltr pouch reduced from Rs 210 --- Rs 199

Fortune mustard oil 1 ltr pet bottle reduced from Rs 210 --- Rs 190

Fortune groundnut oil 1 ltr pouch reduced from Rs 220 --- Rs 210

Fortune rice bran oil 1 ltr pouch reduced from Rs 225 --- Rs 210

Raag vanaspati 1 ltr pouch reduced from Rs 205 --- Rs 185

By month end, Adani Wilmar expects the full benefit to be available with the consumers.

While Emami stated that MRP of our products have been reduced in line with change in Oil rates, by slashing the MRP up to Rs 35 per Liter. It further said in a statement that the Prices to the Distributors have also been reduced in line with market rates of oil.

Soya 1ltr pouch reduced from Rs 215 --- Rs 180; difference of Rs 35

KGMO 1ltr pouch reduced from Rs 215 --- Rs 198; difference of Rs 17

RBO 1ltr pouch reduced from Rs 220 --- Rs 190; difference of Rs 30

Similarly, edible-oil producer Gemini also cut its product prices

Sunflower 1ltr pouch reduced from Rs 200 --- Rs 192

Freedom Ricebran 1ltr pouch reduced from Rs 190 --- Rs 175

Groundnut 1ltr pouch reduced from Rs 200 --- Rs 185

Kachigani Mustard 1ltr pouch reduced from Rs 215 --- Rs 185

First Class Palmolein 1ltr pouch reduced from Rs 170 --- Rs 150

First Class Lite Superolein 1ltr pouch reduced from Rs 180 --- Rs 160

Even Modi Naturals have slashed olive oil price by Rs 15-20 per litre

Earlier this month, the government had directed edible oil manufacturers to further decrease the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per litre within a week, reported news agency PTI, quoting food secretary Sudhanshu Pandey.

The government on the following day after the directive expected more companies to reduce maximum retail prices of cooking oils by up to Rs 15 per litre to pass on the benefit of fall in global commodity prices to consumers.