Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
you are here: HomeNewsOpinion

It isn't crude oil but edible oil that is giving the government a headache

Rising edible oil prices are pushing up inflation and hurting consumers

June 16, 2021 / 10:22 AM IST
It isn't crude oil but edible oil that is giving the government a headache

Fortune Online app has been rolled out currently in 17 locations in the country.

Inflation numbers are giving the government a nightmare. As if a jump in crude oil prices that is leading to higher petrol and diesel prices burning a hole in the pocket of the middle-class was not bad enough, edible oil prices have gone through the roof. Government data shows that the monthly average retail prices of all six edible oils have soared to an 11-year high in May 2021. High prices are coinciding with rising unemployment and lower incomes due...

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers