To bring down the price hike for edible oils during the current festival season, the Food and Distribution Department held a meeting with all states on Monday, asking them to maintain the product’s stock limit.
The department asked for details of the action plans taken by states to maintain stock limits and reporting of excess stocks.
Senior ministry officials said the order to limit stocks should be issued by states as soon as possible in order to bring down the prices of edible oils in the country.
Uttar Pradesh government officials at the meeting informed that the state has already issued a stock limit order on October 12, which will significantly lower the prices of edible oils.
However, several states such as Rajasthan, Gujarat and Haryana have submitted stock limitation order proposals to their respective governments for approval and expect stock limits to be imposed shortly.
Other states like Maharashtra, Kerala, Andhra Pradesh, Tamil Nadu, Chhattisgarh and Jharkhand, among others, have started the process of setting stock limits for edible oils and will soon notify the relevant limits for different categories.
The Center, in its previous ordinance, ordered states to ensure that the full benefit of the tariff reduction is passed on to customers, in order to protect them from the high prices of edible oils during the current festival season. .