Commodity Superfast: Scope For Reducing Edible Oil Prices By Rs 20 Per Litre, Says Government; Directs Companies To Pass On Benefits Of Reduced Prices To People

In today's meeting, the government has directed to reduce the prices of edible oil. Oil companies have given assurance of reducing the price soon. The effect of the decline in foreign will be visible in the domestic market. Last month the companies had reduced the prices by Rs 10-15/litre. In a month, the foreign price decreased by $ 300 450/ ton. As per the government estimates, prices of edible oil can be reduced by up to Rs 20 per litre.