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Govt tells edible oil firms to cut prices
Financial Express Mumbai
|June 03, 2023
DIRECTIVE FOR ₹8-12/LITRE REDUCTION
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- Cites sustained downtrend in global prices
THE FOOD MINISTRY on Friday directed edible oil manufacturers to reduce the maximum retail price (MRP) of major edible oils by ₹8-12 per litre with immediate effect, taking a cue from the global market. "Some companies which have not reduced their prices and their MRP is higher than other brands have also been advised to reduce their prices," the food ministry said in statement. Earlier in the day, food secretary Sanjeev Chopra met industry representatives to discuss what the government felt was a reluctance among companies to cut prices.
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