The Government on Friday said itexpects more companies to reduce maximum retail prices of cookingoils by up to Rs 15 per litre to pass on the benefit of fall in globalcommodity prices to consumers.
Amid cooking oil prices ruling high in the domestic market, thegovernment on Wednesday directed edible oil companies to reduce the prices.
Following the directive, Mother Dairy, on Thursday, reduced theprices of soyabean and rice bran oil up to Rs 14 per litre. It expectsa reduction of MRP of sunflower oil in the next 15-20 days.
Mother Dairy, which is one of the leading milk suppliers in Delhi-NCR,sells edible oils under the Dhara brand.India meets 60 per cent of its requirement of edible oils through imports.