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

Image Source : PTI/FILE Mother Dairy cuts prices of soyabean, rice bran oils by up to Rs 15 per litre HighlightsMother Dairy announced that the MRPs of soyabean, rice bran oils will be cut by up to Rs 14 As India imports more than 60 per cent of its edible oil requirement, retail prices came under press It expects a reduction in MRP (Maximum Retail Price) of sunflower oil in the next 15-20 days Mother Dairy on Thursday announced that the MRPs of soyabean, rice bran oils will be cut by up to Rs 14 per litre. The move comes a day fter the government directed edible oil firms to pass on the benefits of fall in global cooking oil prices to consumers. Mother Dairy, which is one of the leading milk suppliers in Delhi-NCR, sells edible oils under the Dhara brand. “Passing on the benefits of the government’s intervention subsequently to the consumers, we have further reduced the MRP of Dhara Soyabean Oil and Dhara Ricebran Oil by up to Rs 15 per litre, which will be available in the market by next week,” a company spokesperson told PTI. It expects a reduction in MRP (Maximum Retail Price) of sunflower oil in the next 15-20 days. On June 16, Mother Dairy had reduced prices of its cooking oils by up to Rs 15 per litre with softening of rates in global markets. Amid 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 country.  Also Read | Govt asks companies to cut edible oils price by up to Rs 10/L, maintain uniform MRP of same brand oil Latest Business News



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