Edible oil prices dip in some centres in run-up to Diwali
The Hindu
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The prices of most major cooking oils dropped about ₹5-10 a litre in Delhi and as much as ₹20 in some other cities in the run-up to Diwali, Food Secretary Sudhanshu Pandey said on Friday, giving credit to the stabilisation of global prices as well as measures such as duty cuts and stock limits. However, the national average retail prices for cooking oils showed little change, and mustard oil, which is only produced domestically, continued to see rising prices.
“International edible oil prices remain high, but have stabilised over the past week. Interventions by the Central Government along with the State Governments’ proactive involvement and the cut in wholesale prices by major private players have led to retail prices cooling down much more than the international market,” Mr. Pandey told journalists.
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