In a significant blow to household budgets, the prices of cooking oil and ghee have sharply increased in November 2024, with hikes of up to Rs60 per kilogram in the open market.
Despite a recent slight dip in the country’s inflation rate, the price of first-grade ghee and cooking oil has risen by Rs54 per kg, while second and third-grade varieties have seen an increase of Rs60 per kg.
Read More: Inflation Expected to Climb to 5.81% Due to Rising Food Prices
As a result, the retail price of first-grade ghee and oil has surged from Rs505 to Rs559 per kg, placing a strain on consumers already facing high living costs. Similarly, the price of second-grade ghee has risen from Rs440 to Rs500 per kg, with retail prices in various areas ranging from Rs525 to Rs530 per kg.
For second-grade oil, the price has jumped from Rs452 to Rs512 per litre, with some vendors charging as high as Rs530 to Rs540 per litre.
In a contrast to these rising prices, the Utility Stores Corporation (USC) recently announced a Rs13 per kg reduction in sugar prices, bringing it down from Rs153 to Rs140 per kg, offering some relief to consumers amidst the ongoing surge in cooking oil and ghee costs.
