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Edible Oil Prices Rise | ‘Fodani’ became more expensive, edible oil prices skyrocketed

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Edible Oil Prices Rise | ‘Fodani’ became more expensive, edible oil prices skyrocketed

Following the fuel price hike, edible oil has also become more expensive. Compared to April 1 last year, the price of 15 kg can of edible oil has increased by Rs. Prices of groundnut oil, sunflower oil, palm oil and soybean oil have skyrocketed. India imports 80 per cent of its oil. We import oil from Indonesia, Malaysia, Argentina, Brazil, Ukraine. Oil prices are rising due to shortage of oil in the international market. Moreover, China also stockpiled oil in preparation for war. As a result, it has doubled in price over the past year.

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