Major Edible Oil Brands Cut MRP By 10-15% To Give Consumers Relief

Edible oil companies, including Adani Wilmar and Ruchi Soya, have cut down MRP of their products by 10 to 15 per cent to provide relief to consumers

Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the maximum retail price (MRP) of their products by 10 to 15 per cent to provide relief to consumers, industry body Solvent Extractors Association (SEA) said on Monday.

The prices have been cut down by the companies after the food ministry had asked them to act in sync with the reduction in import duties on edible oils, which the government had announced earlier.

Import duties were cut in order to control the spiralling prices of edible oils in the country.

Subsequently the reduction in prices have been effected by Adani Wilmar (on Fortune brands), Ruchi Soya (Mahakosh, Sunrich, Ruchi Gold and Nutrella brands), Emami (Healthy & Tasty brands), Bunge (Dalda, Gagan and Chambal brands) and Gemini (Freedom sunflower oil brands), the industry body said.