The Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive aims to ensure consumers receive the full benefit of the cuts in import tariffs. The duty reductions are part of efforts to control inflation and stabilise domestic cooking oil prices. India’s vegetable oil imports have risen, indicating increased demand influenced by factors like a weaker rupee.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.