Business News : The country has been seeing inflation during and after the covid-era and it’s been on a continuous track since then but as we crossed this recent festival of Dussehra, we got to see a little decline in the graph of oil prices, especially in cooking oils.
The price of edible oil touched the sky during and after covid era more than ever before in history, stating that sunflower oil was being sold at Rs. 180 Per litre which used to be sold at 120-130 per litre before covid, the mustard oil price was just 150-160 before covid and last month’s price was Rs. 240 Per litre, a huge surge I would say.
But thanks to less import duty now, the prices of these oils are going down now which was previously impacted by the Russia-Ukraine war. For example, now the price of sunflower oil has dropped from 180 to 155 Rs. Litre.
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One can get palm oil for under Rs. 100 now though the price of certain oils remained steady with little modulation here and there, such as rice bran oil and groundnut oil have not come down much and being at a range of 165-175 Rs. Per litre. Not to mention that the variation also depends on the brand type, hopefully, this ongoing inflation reduces the ease of the life for the middle-class family.
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