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The retail price of mustard oil increased, the government says that the prices of other edible oils have softened

With cooking oil prices continuing to rise, the all-India daily average retail price of mustard oil was recorded at Rs 184.15 per kg on Friday, with at least 22 centers including Mumbai and Lucknow reporting Rs 200 and above. Of. As per the latest data available with the Union Ministry of Consumer Affairs, Food and Public Distribution.

The data shows that the All India Daily Average Retail Prices of Mustard Oil (Packaged) has seen an increase of 3.09 per cent in the last one month and 43.31 per cent in the last one year.

However, the ministry said prices of all edible oils, except mustard, have started softening after the government reduced the import duty on imported edible oils. “Mustard oil is purely domestic oil and is expected to soften its prices due to various other measures being considered by the government,” the ministry said in a statement.

Explained

Why are edible oil prices rising?

Higher prices in the international market have kept the prices of domestic cooking oil high. Domestic edible oil prices usually reflect international prices as 60 per cent of India’s demand is met through imports. There has also been no decline in retail prices of vegetable and groundnut oil.

Of the 145 centers for which retail prices of mustard oil were recorded on Friday, Port Blair recorded the highest at Rs 224 per kg and Shivamogga (Karnataka) the lowest at Rs 117 per kg.

Mustard oil is the costliest of the six edible oils, for which the ministry monitors retail and wholesale price data. The retail prices of other edible oils are Rs 182.61 per kg for groundnut oil, Rs 136.59 per kg (vegetable), Rs 155 per kg (soy oil), Rs 169.53 per kg (sunflower oil) and Rs 132.91 per kg (palm oil). Huh. )

The All India Average Daily Retail Prices of Soya Oil, Sunflower Oil and Palm Oil have registered a marginal decline of 0.26 per cent, respectively, in the last one month.

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