Adani Wilmar cuts edible oil price by up to Rs 30 per liter, check latest rate

Highlights

The biggest reduction has been made in the prices of soybean oil.
The Food Ministry had called a meeting to discuss the prices of edible oil.
Fortune soybean oil price has been reduced from Rs 195 per liter to Rs 165.

New Delhi. Adani Wilmar on Monday announced a reduction in the prices of edible oil by up to Rs 30 per litre. The reduction in prices has come due to the fall in the global oil prices. The company sells products under the Fortune brand. The biggest reduction has been made in the prices of soybean oil. The consignment with new prices will reach the market soon.

Earlier, Mother Dairy, which sells edible oil under the Dhara brand, had cut prices of soybean and rice bran oil by Rs 14 per litre. The Food Ministry had convened a meeting on July 6 to discuss the prices of edible oil, in which all edible oil companies were directed to pass on the benefits of the fall in global prices to the consumers.

Also read- How the fall in commodity prices helped India to escape the global inflation trap, what RBI said?

The impact of global price cuts
In a statement, the company said, “In view of the reduction in global prices and the government’s efforts to pass on the benefits of reduction in edible oil prices to the consumers, Adani Wilmar has further cut the prices of edible oil. Last month also the prices were reduced.

Soybean oil prices also decreased
Fortune soybean oil price has been reduced from Rs 195 per liter to Rs 165 per litre. The price of sunflower oil has been reduced from Rs 210 per liter to Rs 199 per litre. The maximum retail price of mustard oil has been reduced from Rs 195 per liter to Rs 190 per litre.

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Rice bran oil prices also reduced
The price of Fortune Rice Bran oil has been reduced from Rs 225 per liter to Rs 210 per litre. Angshu Malik, Managing Director and CEO, Adani Wilmar said, “We have passed on the benefits of reduction in prices to consumers globally and the new price consignments will reach the market soon.”

Tags: Adani Group, edible oil, edible oil price, Gautam Adani, Oil

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