Mother Dairy cuts prices of soyabean, rice bran oils by up to Rs 14 per litre

Mother Dairy on Thursday said it has cut the prices of soyabean and rice bran oils by up to Rs 14 per litre a day after the government directed edible oil firms to pass on the benefits of fall in global cooking oil prices to consumersMother Dairy which is one of the leading milk suppliers in DelhiNCR sells edible oils under the Dhara brandPassing on the benefits of the governments intervention subsequently to the consumers we have further reduced the MRP of Dhara Soyabean Oil and Dhara Ricebran Oil by up to Rs 14 per litre which will be available in the market by next week a company spokesperson told PTIAfter price cut Dhara Refined Soyabean Oil Poly Pack will be available for Rs 180 per litre compared to current price of Rs 194 per litreIn the case of Dhara Refined Ricebran Oil Poly Pack the price will come down to Rs 185 per litre from Rs 194 per litreAlso Read Govt asks companies to cut edible oils price by up to Rs 10litre maintain uniform MRP of same brand oilIt expects a reduction in MRP Maximum Retail Price of sunflower oil in the next 1520 daysOn June 16 Mother Dairy had reduced prices of its cooking oils by up to Rs 15 per litre with softening of rates in global marketsAmid a fall in global prices the government on Wednesday directed edible oil manufacturers to further cut the maximum retail price MRP of imported cooking oils by up to Rs 10 per litre within a week and maintain a uniform MRP of the same brand of oil across the countryFood Secretary Sudhanshu Pandey on Wednesday had called a meeting of all edible oil associations and major manufacturers to discuss the current trend and pass on the falling global prices to consumers by reducing the MRPMajor edible oil makers have promised to reduce the MRP by up to Rs 10 per litre by next week in all imported edible oils like palm oil soyabean and sunflower oilOnce the prices of these edible oils are reduced the rates of other cooking oils will also get reduced he had saidAnother issue that was discussed in the meeting was about rising consumer complaints against edible oil brands regarding unfair trade practicesThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever