Edible oil prices declined by up to Rs 20, says food department

Edible oil prices have declined quite significantly, said Sudhanshu Pandey, Secretary of the Department of Food and Public Distribution. 

New Delhi: Sudhanshu Pandey, Secretary of the Department of Food and Public Distribution, on Friday (November 5), said that edible oil prices have declined quite significantly, ranging from a decline of Rs 20/- to Rs 18/-, Rs 10/-, Rs 7/- at many places. 

Addressing a presser in Delhi, Pandey said that the cooldown in prices is witnessed in palm oil, groundnut oil, soyabean oil and sunflower oil. According to the secretary, the oils constitute ~89% of the total oil basket. 

Meanwhile, Pandey also refuted any speculation of the extension of the Pradhan Mantri Garib Kalyan Yojana. Pandey "Since the economy is in revival mode, as of now there is no proposal to extend of Pradhan Mantri Garib Kalyan Yojana," said Pandey.