States have been asked to maintain stock limit of edible oils to soften the prices
In order to bring down the rising prices of edible oils during the ongoing festive season, the Department of Food and Public Distribution on Monday held a meeting with all the states to maintain the stock limit of the commodity.
The department sought details of the action plans taken by the states for maintaining the stock limit and declaration of additional stock.
Senior officials of the ministry said that stock limit orders should be issued by the states at the earliest to soften the prices of edible oils in the country.
In the meeting, representatives of the Uttar Pradesh government informed that the state has already issued a stock limit order on October 12, which will bring down the prices of edible oils significantly.
However, many states like Rajasthan, Gujarat and Haryana have submitted proposals for stock limit orders to their respective governments for approval and the stock limits are expected to be implemented soon.
Other states such as Maharashtra, Kerala, Andhra Pradesh, Tamil Nadu, Chhattisgarh and Jharkhand have started the process of fixing stock limits for edible oils and will soon notify relevant limits for different categories.
The Center in its order had earlier directed that the states should ensure that the full benefit of reduction in duty is passed on to the customers to protect them from the high prices of edible oils during the ongoing festive season.
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