On Wednesday The government said edible oil prices have started falling in the past one month, and the quantum of decline is nearly 20 per cent in some cases.
Stating that India imports a significant quantity of edible oils to meet domestic demand, the Centre said it is working on a “series of mid-and long-term measures” to make the country self-sufficient.
“Edible oil prices in India are showing a declining trend across a wide array of oils. As per data from the Department of Consumer Affairs, over the past month, the prices of edible oils are now coming down,” an official statement said.
