Oil Price / Government gave good news edible oil will be cheaper by 20 rupees MRP will change

Edible Oil Price Cut: After the increase in the price of domestic gas cylinders, now the common man seems to be getting a big good news. After a meeting of edible oil companies convened by the Food Ministry on Wednesday, the way for edible oil to become cheaper has been cleared. All oil companies were involved in the meeting. During this, measures were discussed to further cut the price of edible oil.

Instructions were given to change the MRP

The companies were instructed by the government to make changes in the MRP. According to the Food and Public Distribution Department, the price can be further cut in the coming time. The government's estimate is to reduce the price by up to Rs 20 per liter in the current circumstances. In a meeting called by the government, some oil companies have agreed to further reduce the price.

promise to act soon

Let us tell you that after the decrease in the price of edible oil in the international market, the price is expected to decrease in the domestic market as well. The government has asked the oil companies to reflect the reduced price in MRP as well. The companies have been assured to take immediate steps for this. Food Secretary Sudhanshu Pandey was also present in the meeting.

Benefit of deduction reached the common man

The price of oil in the international market has come down in the last few days. In such a situation, the government wants that the benefit of this deficiency should reach the public. Lowering the price of oil by Rs 20 per liter will bring great relief to the common man. Actually, the government had informed last day that some countries had banned the export of edible oil. Due to this he got a bumper stock. When this oil came in the market after lifting the ban, the price has come down. On the other hand, soybean crop is also going to come in the market.

There was a fall of Rs 15 per liter

In the last days, the retail price of packaged edible oil, except groundnut oil, has come down by up to Rs 15-20 across the country. At that time its price had come down to between Rs 150 to 190 per kg. Now it is likely to decrease further. Earlier the price had gone beyond Rs 200.