Cooking Oils Prices Worrying Consumers | Nearby News
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

Cooking Oils Prices Worrying Consumers
Poor and middle-class people are getting bewildered by rising cooking oil prices in the Greater Hyderabad Range
N
Nishanth Kumar
Hyderabad
Mon Apr 25 2022
share via :
Cooking Oils Prices Worrying Consumers
A -
A +

Poor and middle-class people are getting bewildered by rising cooking oil prices in the Greater Hyderabad Range. "If the rates increase like this, how can they buy in the coming days?" they are worried. The black-marketing is also equally responsible for this price hike along with the Russia - Ukraine war. With this, the prices of sunflower oil, palm oil, and groundnut oil are currently on the rise. 


The central government has also reduced the import duty to put a stop to the rising cooking oil prices. However, some people are deliberately inflating prices. Despite the vigilance from the officials, the MRP rule is not followed anywhere. About 80 percent of the world's sunflower oil is exported through the Black Sea. But Russia is creating an obstacle. 


The Russian army has been in Ukraine since last February. It is a known fact that prices have gone up because of this. In addition, Indonesia, currently the world's largest producer of palm oil, has decided to impose restrictions on exports of edible oil and its raw materials to reduce domestic shortages. Economists expect food inflation to rise further in the coming days with the decision by Indonesia. India is the largest consumer of palm oil in the world. The decision by the Indonesian government will have serious implications. If this is the case, the cooking oil prices will go further up.


Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City

FOLLOW US

Cooking Oils Prices Worrying Consumers
Cooking Oils Prices Worrying Consumers
Latest Articles
Six Urban Forest Parks in Hyderabad to be Inaugurated on Thursday
Six Urban Forest Parks in Hyderabad to be Inaugurated on Thursday
Google Maps Launches Street View in 10 Indian Cities, Including Hyderabad
Google Maps Launches Street View in 10 Indian Cities, Including Hyderabad
TAFE Sets Up JFarm-Agriculture Research Centre In Hyderabad
TAFE Sets Up JFarm-Agriculture Research Centre In Hyderabad
Hyderabad FC Sign Highly Rated Attacker Ramhlunchhunga
Hyderabad FC Sign Highly Rated Attacker Ramhlunchhunga
Musi River in Spate, Families on Its Banks Being Evacuated
Musi River in Spate, Families on Its Banks Being Evacuated
4 of 5 Juveniles Arrested for Hyderabad Girl’s Gang Rape in Car Get Bail, Freed
4 of 5 Juveniles Arrested for Hyderabad Girl’s Gang Rape in Car Get Bail, Freed
231 Dilapidated Buildings Razed as Part of Monsoon Preparedness
231 Dilapidated Buildings Razed as Part of Monsoon Preparedness
Rajinikanth to Begin Work on His 169th Film ‘Jailer’ in Hyderabad
Rajinikanth to Begin Work on His 169th Film ‘Jailer’ in Hyderabad
GHMC Demolishes 231 Dilapidated Structures in 2021
GHMC Demolishes 231 Dilapidated Structures in 2021
Old 'Burj' at Shalibanda May Collapse
Old 'Burj' at Shalibanda May Collapse
Related Articles
Six Urban Forest Parks in Hyderabad to be Inaugurated on Thursday
Six Urban Forest Parks in Hyderabad to be Inaugurated on Thursday
Google Maps Launches Street View in 10 Indian Cities, Including Hyderabad
Google Maps Launches Street View in 10 Indian Cities, Including Hyderabad
TAFE Sets Up JFarm-Agriculture Research Centre In Hyderabad
TAFE Sets Up JFarm-Agriculture Research Centre In Hyderabad
Hyderabad FC Sign Highly Rated Attacker Ramhlunchhunga
Hyderabad FC Sign Highly Rated Attacker Ramhlunchhunga
Musi River in Spate, Families on Its Banks Being Evacuated
Musi River in Spate, Families on Its Banks Being Evacuated
4 of 5 Juveniles Arrested for Hyderabad Girl’s Gang Rape in Car Get Bail, Freed
4 of 5 Juveniles Arrested for Hyderabad Girl’s Gang Rape in Car Get Bail, Freed
231 Dilapidated Buildings Razed as Part of Monsoon Preparedness
231 Dilapidated Buildings Razed as Part of Monsoon Preparedness
Rajinikanth to Begin Work on His 169th Film ‘Jailer’ in Hyderabad
Rajinikanth to Begin Work on His 169th Film ‘Jailer’ in Hyderabad
GHMC Demolishes 231 Dilapidated Structures in 2021
GHMC Demolishes 231 Dilapidated Structures in 2021
Old 'Burj' at Shalibanda May Collapse
Old 'Burj' at Shalibanda May Collapse
Heavy Rains in Hyderabad Inundates Low-lying Areas
Heavy Rains in Hyderabad Inundates Low-lying Areas
Hyderabad to Add Glamping in Urban Forest Block Soon
Hyderabad to Add Glamping in Urban Forest Block Soon
NGO Extends Helping Hand to Rain-hit People
NGO Extends Helping Hand to Rain-hit People
Builder Booked for Sexually Harassing 
Actress
Builder Booked for Sexually Harassing Actress
Moosarambagh Bridge Closed Due to Heavy Inflows in Musi
Moosarambagh Bridge Closed Due to Heavy Inflows in Musi
AIG Hospitals Save Life of Head Constable Yadaiah
AIG Hospitals Save Life of Head Constable Yadaiah
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2022