Bhubaneswar : Already hit financially (also mentally) by Covid-related crisis from a long period of time, people of the State are now facing difficulties in making ends meet as after prices of vegetables now oil prices have also skyrocketed.
“Oil prices have risen sharply in recent months and the prices of all edible oils used in food such as almond oil, mustard oil, herbs, soybeans, sunflowers, etc. have also gone up by Rs 20 to Rs 30.
Reports say, the rise in the price of edible oil has raised concerns from Khauti to the government. So the government is now considering ways to reduce its price.
In India, palm oil is imported from Malaysia. But due to the lockdown, oil production in the country has declined. In addition, the price of seeds has also increased. As a result, oil prices are rising. But efforts are underway at the government level to control it.
“High prices of oil after vegetables have hit my kitchen hard. It has been difficult for me to manage a family of five members,” said a person belonging to a middle-class family.
According to the Ministry of Consumer Affairs, the price of mustard oil was Rs 120 per liter last Thursday. At the same time last year, it was priced at Rs 100 per liter.
Notably, the price of vegetable oil was Rs 75.25 a year ago, which has now risen to 102.5 per liter. The average price of soybean oil was Rs 110 per liter, while in October 2017 it was priced at Rs 80 per liter. Sunflower oil prices have also risen.
Similarly, mustard oil and sunflower oil prices have risen by 30 to 35 percent. So the government is now considering in reducing import duties on oil.