Edible oil to get cheaper further ahead of festive season; food ministry calls crucial meeting tomorrow | Details

Edible oil is set to get further cheaper despite huge demand during the festival season in August. The development assumes significance as the government has called a meeting of importers and manufacturers of oil companies in view of fall in global prices of cooking oil. The Food Ministry will be holding the meeting on Thursday, August 4.  

The edible-oil producers have also slashed the prices by up to Rs 30 in the last month, responding to the government's request to cut prices.  

It is expected that the prices of edible oil can further come down by Rs 10-12 once the representatives of edible oil companies entertain the government's request.  

Earlier in July, the oil companies had reduced the prices of edible oil by Rs 15-30. 

Below is the current price list of different brands of edible oil after the reduction in July, as reported by Zee Business last month.  

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

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

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

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

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

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

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

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

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

Sunflower 1ltr pouch reduced from Rs 200 to Rs 192  

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

Groundnut 1ltr pouch reduced from Rs 200 to Rs 185  

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

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

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