Cooking oil cools Retail prices of cooking oils are finally set to ease as companies are passing on the gains from import duty reductions announced by the government and cooling prices in the global markets.
For the past two years, high cooking oil prices have been burning a hole in the pockets of consumers and worsening retail inflation.
Now, several companies including Adani Wilmar and Emami Agrotech have announced a cut in prices by up to ₹15 per litre, which should bring much-needed relief. Covid scare After more than four months, India’s covid cases are showing an alarming trend.
The number of daily confirmed cases has been over 12,000 in seven of the past eight days, leading to worries over the outbreak of a new variant.