Edible Oil: No Drop in Prices Despite Falling Prices

"According to a recent report, the price has declined significantly in the global market. We had a 10% decline in the 'World Vegetable Oil' since the beginning of the year. But unfortunately, the country, the price of oil has not dropped as it should. It was delude the public that the price of oil dropped when this is not the case. Factories that produce oil locally must lower their prices in order to relieve the population, "stated Pritam Dabydoyal 'Managing Director' P & P International, a company engaged in the business of edible oil for thirty years.

To date, the price of oil does not contain any mixture should be Rs 43 per liter, but the country, promotions are disguised by Pritam Dabydoyal. "Importers wonder why keep the tariff on this product. We understand that we should protect local producers but we must also protect consumers. They must be 'value for money'. The government has to apply a subsidy on wheat flour so that consumers are the winners. We should do the same for oil. On the market of edible oil every day there is a new price. If we remove the tariff, then the competition will be more interesting and it is the consumers will be the winners. It is a monopoly because the product is 90% controlled by local producers. Traders are driving up and down prices. It is an artificial reduction they want, "he said.

There is also the fact that the oil is 100% Canola is also present in the country. It is sold under the 'Simply' brand. "In products such as juices, the government has emphasized that those who are mixed with sugar should be subject to customs duty and those who are not should be exempted. The same logic should be applied to oil, "said Pritam Dabydoyal.