Fall in imports leads to increase in oil prices

Aurangabad, Dec 15:

On the one hand, the price of fuel has increased, and on the other, the prices of cooking oil have increased significantly due to the fall in imports of sunflower and palm oil due to the corona. Edible oil prices have been steadily rising since Diwali due to lower supply than demand. After Diwali, edible oil prices have gone up by Rs 20 to Rs 25 per kg, which has worsened the monthly financial budget of the common man.

During Diwali, soybean oil was priced at Rs 102 to Rs 103 per liter. Now the price has increased by Rs 5 to Rs 7, from Rs 107 to Rs 110. Sunflower oil has also gone up by Rs 10 per kg to Rs 120-130. The price of a 15 kg can of sunflower and soybean oil has gone up by Rs 125 to Rs 150. People are now forced to pay more than the monthly budget, which has upset the balance of the homemakers. Most of the oil in the city comes from the oil mills in Sangamner, Manmad and Dhule. Edible oil from big companies comes from Mumbai and Pune.

Wheat prices also increased

Prices of wheat have also gone up by Rs 2 to 3 per kg. Sehore variety of wheat from Madhya Pradesh and local wheat used to cost Rs 20-22 per kg on Diwali, but now it is being sold at Rs 25-30 per kg. The price has also gone up due to the farmers agitation.