Edible Oil Price : Uncontrollable prices of Edible Oil increased the tension of the government! Today will be an important meeting. Now the central government can take a tough decision on the rising prices of edible oil. In the last 8-10 days, the consumer ministry seems very active about the prices of edible oil.
Now the central government can take a tough decision on the rising prices of edible oil.
Edible Oil Price : Now the central government can take a tough decision on rising prices of edible oil. In the last 8-10 days, the consumer ministry seems very active about the prices of edible oil. During this period, the Ministry has also taken many such decisions to control the unbridled prices of edible oil.
Edible Oil Price: Big meeting of government on edible oil
In this episode, even today, there is a very important meeting in the Ministry of Consumer Affairs regarding essential commodities (especially essential commodities), especially Edible Oil at 3 o’clock in the afternoon. According to sources, the agenda of this meeting to held under the chairmanship of the Secretary of the Ministry of Consumer Affairs, will be on making further strategies to curb the prices of edible oils.
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Soybean oil rates doubled in a year
Let us tell you that till the year before, the price of soybean oil used to be Rs 70 to Rs 80 per liter, in case of expensive retail price was Rs 90 per liter. After this, during the first lockdown of the Corona period, prices of soy oil started to rise wildly and this year the oil prices broke all previous records. The situation has become that nowadays Soya oil is being sold at a price of Rs 165 per liter to Rs 170 per liter.
Who is involve in today’s meeting
When the Central Government felt that oil prices were uncontrollable, then the government started taking steps. In this episode, today an important meeting will be held under the chairmanship of the Food Secretary. However, this meeting will take place through video conferencing in view of the corona epidemic. In this, all the officials from the Managing Director of NAFED to the level of Secretary will be present. Senior officials of state governments can also be present in this meeting. Food and agriculture secretaries of those states where the production of soy and oilseeds are more will also attend the meeting. Food and Agriculture Secretaries of Madhya Pradesh, Maharashtra, Gujarat, Karnataka, Uttar Pradesh, Tamil Nadu and Rajasthan can attend the meeting.
Which steps can be considered
How to control oil prices in today’s meeting can decided on several steps, such as-
- Cess levied on imported oil can cut, by doing so, the oil supply will be cheaper and prices will also fall in retail.
- Guidelines related to stock limit can also issued for millers, stockists and traders related to oil trade.
- States can instructed to control edible oil prices by using Essential Commodities Act.
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