In continuation to the global price reduction and the government’s effort to pass on the benefits of reduced edible oil prices to consumers, , the largest edible oil producer in the country, has further slashed edible oil prices from the last month’s reduction effected by the company.
The biggest drop in price has been in the palmolein oil which has been reduced to Rs 144 per litre from Rs 170 per litre. Price of Fortune soybean oil has been reduced by Rs 30 to Rs 165 per litre. Sunflower oil prices have come down to Rs 199 from Rs 210 per litre. Mustard oil price has been brought down to Rs 190 from Rs 195 per litre.
Rice bran oil is now priced at Rs 210, down from Rs 225 per litre. Groundnut oil price has been brought down to Rs 210 from Rs 220 per litre, while prices of Vanaspati has been fixed at Rs 185 from Rs 200 per litre earlier.
The stocks with new prices will reach market soon.
“We have passed on the benefits of global price reduction to our consumers and the stocks with new prices will reach market soon. Our products are made with highest safety and quality standards and will be available at reduced costs to our consumers. This step will certainly boost demand for the upcoming festive season.,” said Angshu Mallick, MD & CEO, Adani Wilmar.
The steep reduction in oil prices comes in the wake of the prices in the world market have fallen sharply. Recently, the food ministry called a meeting of edible oil industry bodies and manufacturers to deliberate on price reduction.
