Adani Wilmar cuts prices of edible oil by up to ₹30 per litre
The Hindu
The maximum reduction has been done in soyabean oil.
Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to ₹30 per litre amid fall in global prices.
The maximum reduction has been done in soyabean oil. The stocks with new prices will reach market soon.
On February 7, Mother Dairy, which sells edible oils under the Dhara brand, had cut prices of soyabean and rice bran oils by up to ₹14 per litre.
The food ministry had called a meeting on July 6 to discuss edible oil prices and directed edible oil firms to pass on the benefits of fall in global cooking oil prices to consumers.
"In continuation to the global price reduction and the government’s effort to pass on the benefits of reduced edible oil prices to consumers, Adani Wilmar has further slashed edible oil prices from the last month’s reduction effected by the company," a company statement said.
Fortune soyabean oil price has been revised to ₹165 per litre from ₹195 per litre.
The sunflower oil rate has been revised to ₹199 per litre from ₹210 per litre.
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