Adani Wilmar slashes edible oil prices by Rs 10
PTI, Jun 19, 2022, 9:43 AM IST
Credit: iStock Photo
FMCG firm Adani Wilmar on Saturday slashed the prices of its edible oils by Rs 10 following the government’s move to reduce import duties on the commodity.
Adani Wilmar has reduced the maximum retail price (MRP) of Fortune refined Sunflower oil’s 1-litre pack to Rs 210 from Rs 220, the company said in a statement.
The MRP of Fortune Soyabean and Fortune Kachi Ghani (mustard oil) 1-litre packs has been reduced to Rs 195 from Rs 205.
The stocks with new prices will reach the market soon, it added.
This reduction in oil prices comes in the wake of the central government reducing the import duties on edible oils, making them cheaper, the company said.
“We are passing on the benefit of the reduced cost to our customers, who can now expect purest edible oils made with highest safety and quality standards, which are also light on their pockets. We are confident the lower prices will also boost demand,” Adani Wilmar MD and CEO Angshu Mallick said.
International and domestic prices of edible oils surged during 2021-22 due to lower production of oilseeds and higher manufacturing and logistics costs.
Besides a range of edible oils, Adani Wilmar’s offerings include rice, atta, sugar, besan, ready-to-cook khichdi, soya chunks and others.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Indian markets trade firm on global rally, fresh foreign fund inflows
Manufacturing licence of 10 Patanjali’s Divya Pharmacy products suspended
Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meeting
Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
MUST WATCH
Latest Additions
BJP debunks Congress’s claims of altering constitution, abolishing reservations: Shah
This IPL is different, need to mentally accept challenge: KKR’s Varun Chakravarthy
6 killed, 3 injured as truck rams into jeep in Bihar’s Bhagalpur
Why has PM ignored plight of Marathwada’s farmers: Cong jabs Modi
Why is PM nervous even in BJP bastions: Cong jabs Modi after setback in Indore, Surat