Business / Rising price of mustard oil brought tears to the people, prices increased so much in a year

Edible Oil Price: Rising inflation continues to be a problem for the common people. In the last one year, the price of mustard oil has almost doubled, making it difficult for women to cook food at home.

Mustard oil prices almost doubled

According to the report, the price of mustard oil was Rs 90-95 per liter during the lockdown last year. Now the same price has increased from Rs 174 to Rs 190 per liter. Even before this, between 2019 and 2020, there was an increase of about 50 percent in mustard oil.

how to cook food without oil

Mustard oil is an essential item for cooking food. Many families have reduced the use of this oil to avoid inflation. However, they are worried about how to cook those meals without mustard oil.

Government's steps proved to be insufficient

According to the report, the production of edible oils is very less in proportion to the demand in the country. In such a situation, edible oil has to be imported from abroad to meet the local demand. The government had reduced the import duty on soybean oil, palm oil and sunflower oil to bring down the price of edible oils. Along with this, the basic duty was also reduced.

Rising inflation spoiled people's budget

The effect of these steps of the government was visible in the first few days. However, later those measures also failed. Since then, the prices of edible oils are continuously increasing towards the sky. Due to this, the budget of people's kitchen is continuously deteriorating.