Vegetable Price Hike: Vegetable prices have increased in several markets, adding pressure to household budgets during the festive period. Despite various government measures aimed at providing relief to the public, consumers are facing higher prices for several commonly used vegetables.
The Hathin vegetable market in Haryana has also witnessed a rise in the prices of several essential vegetables. Onions are currently selling at around Rs 70 to Rs 80 per kg, while lemons have reached Rs 250 per kg and ginger is priced at around Rs 125 per kg.
Cauliflower is being sold for Rs 60 to Rs 65 per kg, while tomatoes are available at around Rs 50 to Rs 55 per kg. Zucchini is priced between Rs 40 and Rs 50 per kg, whereas taro is selling at around Rs 40 per kg. Cucumber and carrots are priced at approximately Rs 60 per kg each, while pumpkin costs around Rs 40 per kg.
Potatoes, however, remain comparatively cheaper, with their price at around Rs 25 per kg.
Government Moves to Reduce Edible Oil Prices
Alongside rising vegetable prices, the government has asked edible oil companies to ensure that consumers receive the full benefit of the reduction in import duties.
The basic customs duty on crude sunflower oil has been reduced from 10% to zero, while the duty on refined sunflower oil has been cut from 32.5% to 22.5%.
For crude soybean oil and crude palm oil, the duty has been reduced from 10% to 5%. The duty on refined soybean oil and refined palm oil has also been lowered, from 32.5% to 27.5%.
Companies Asked to Pass on Import Duty Benefits
Edible oil companies have been directed to make timely changes to their Price to Distributor (PTD) and Maximum Retail Price (MRP) in line with the lower import costs.
The Ministry has also asked associations representing edible oil manufacturers to inform their members and ensure that the required price reductions are implemented without delay.
Why Has the Government Reduced Edible Oil Duties?
According to the ministry, the reduction in import duties is intended to help stabilize edible oil prices in the domestic market and provide relief to consumers. The move is also aimed at easing inflationary pressure resulting from the rise in global edible oil prices.
At the same time, the government has maintained a difference between the duties applicable to crude and refined edible oils. This approach is intended to support the use of domestic refining capacity while discouraging excessive imports of refined edible oil.
Disclaimer
This article is provided for general informational purposes. Vegetable and edible oil prices can vary by market, location and time. Readers should check the latest local market prices and official government announcements for the most current information.