Edible oil prices are the most expensive in 11 years, sky-high prices of mustard, soybean oil

Already, people affected by corona are now facing inflation. In addition to petrol and diesel prices, edible oil prices are skyrocketing. In fact, this month has seen a record increase in edible oil prices. According to official figures, monthly average retail prices of packaged edible oils such as peanut, mustard, vegetable, soy, sunflower and palm oil reached a decade high this month.

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The government has said this to reduce prices
There has been an increase in the price of cooking oils between the epidemic and the lockout in various states, which has affected economic activity. Meanwhile the Department of Food and Public Distribution held a meeting with all stakeholders. At this meeting, he asked states and businesses to take all possible measures to reduce the price of edible oils.

“The need to hold a meeting since the Center has raised the price of edible oil in India over the past few months has led to a rise in the international prices of edible oil,” the department said in a statement. It is more worrisome. Explain that in general the prices of edible oils in the gharul market are similar to the international market.

Mustard oil is more than twice as expensive
According to government statistics, on May 26 last year, the price of one liter of mustard oil was Rs. Today it has crossed Rs 200. The retail price of a liter of mustard oil in the market is Rs 214.

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Know which oil is the most expensive
The price of edible oil in the retail markets has increased by 7-8% in the last one week.
Crude condensed mustard oil was 150-155 liters a few days ago. Now it is Rs 160-170 per liter.
At the same time, soybean refined oil has been reduced to Rs 160 per liter.
Palmolin oil has been increased to Rs 135 per liter.
Refined oil prices have also increased significantly.

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