‘Domestic oil prices on decline, mustard oil outlier'
Even when the international prices of edible oils have gone up in the range of 1.95 per cent to 7.17 per cent after the import duty reduction, the decreasing trend in domestic prices and net effect (ranges for 3.26 per cent to 8.58 per cent declined) after duty reduction is quite substantial, the government said on Friday.
“Necessary policy intervention by Central government with reference to duty reduction is proving to be beneficial for the general consumers,” the government said in a release. Source: PTI