Edible oil and gold and silver will be cheaper in the festive season, know how much reduction in base import price
The Indian government has cut the prices of edible oils, and base import prices of gold and silver this fortnight. The prices of edible oil and gold may come down in the coming days.
The common man is going to get relief from the rising prices of edible oil. During the festive season, the central government is going to reduce the prices of other things including oil. This will benefit the common people as oil prices have remained high for several months. India has reduced the base import prices of crude and refined palm oil, crude soya oil and gold. It is being told that the prices of edible oil and gold may come down in the coming days. The Modi government this fortnight has reduced the prices of edible oils, and base import prices of gold and silver. This will give great relief to the common people during the festive season.
According to a report by Moneycontrol, the central government issued a statement regarding this on Friday. According to the report, the government has reduced the base price of crude palm oil from $ 996 per tonne to $ 937. It is now expected that the reduction in the base price of palm oil will bring down the price of edible oil.
According to the report, the base price of RBD palm oil has been cut from $ 1,019 to $ 982 a tonne and that of RBD palmolein from $ 1,035 to $ 998 a tonne. Apart from this, if we talk about crude soybean oil, then its base price was reduced from $ 1,362 to $ 1,257 per tonne. Talking about the precious metal, the base price of gold has been cut from $549 per 10 grams to 553 per 10 grams. At the same time, the base price of silver has also come down. The base price of the white metal has been reduced from $635 per kg to $608 per kg.
The central government has already asked the companies to reduce their price. After this, mustard oil sold at Rs 200 per litre has reached Rs 150-160. Companies have cut prices by Rs 30-40 last month. It is expected that oil prices may come down in the coming days.