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Consumers can expect a price decrease of 12.5% to 15% for canola oil prices to reach between, R74.99 to R79.99, and a decrease of between 25% to 30% for sunflower oil to reach R84.99 to R79.99.
The Competition Commission is monitoring the spike in sunflower and other edible oil prices and will take action if retail prices are not justified by increasing costs.
The war has wreaked havoc on the supply of sunflower oil to the point that some retailers, such as Woolworths and Pick n Pay are now imposing customer limits on the product to prevent panic buying.
Reeshni Chaslyn Chetty | TV6 News tv6.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tv6.news Daily Mail and Mail on Sunday newspapers.
The rise in the price of cooking oil has consumers reeling, and continued uncertainty in the commodities market is adding to the stress felt by ordinary citizens, fast food entrepreneurs and restaurant owners. The rise in the price of cooking oil has consumers reeling, and continued uncertainty...