As Navratri and Diwali approach, the prices of cooking oils have surged significantly. The cost of soybean, sunflower, and palm oils has increased by ₹150 to ₹200 per 15-liter can. This hike is putting pressure on the monthly budgets of ordinary citizens. The central government's decision to increase import duties on crude and refined edible oils by 20-35% has led to this sharp rise in prices.
With the festive season ahead, the demand for oil is expected to increase, leading to further price hikes. As a result, households will face higher expenses in the coming months. Cooking oil, which is an essential part of everyday meals, has now become more expensive, creating financial strain for families across the country.
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