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Oil price paradox: Why Modi govt is alarmed by edible oil prices but not petrol & diesel

Oil price paradox: Why Modi govt is alarmed by edible oil prices but not petrol & diesel Samyak Pandey New Delhi: Crude oil and edible oil have been the two main commodities driving up inflation in the country for the past few months. Their prices have risen sharply in the last six months, chiefly because of the high taxes that the government levies on them.  © Provided by The Print While prices of petrol and diesel have breached the psychological Rs 100/litre mark in many cities, the rate of palm oil, the most imported edible oil in the country, has increased by over 60 per cent in the past year to Rs 138/kg as on 1 June 2021 from Rs 86/kg on 1 June 2020 its highest recorded price in the last 11 years.

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