Edible Oil Rules Amended for Price Stability
08-Aug-2025 03:40 PM
New Delhi. With the aim of strengthening the supply chain in the domestic sector, bringing stability in prices and increasing transparency in business, the Central Government has given a new form to the Edible Oil Regulation, made and implemented in the year 2011, by making necessary amendments.
The Union Ministry of Food, Consumer Affairs and Public Distribution has amended the Vegetable Oil Products, Production and Availability (Regulation) Order, 2011 so that adequate supply of edible oil can be ensured across the country and transparency in business can be increased.
The objective of this amended regulation is to collect data in a better manner and on its basis take quick policy decisions in the edible oil industry-trade sector, which is very important to ensure food security and price stability.
After this new rule, it will be easy for the government to get the data of production, import and stock of edible oils on time as companies will have to submit its monthly data to the government.
On this basis, it will be easy for the government to find out the reasons behind the rise in the prices of edible oil. After knowing the reason, efforts can be made to resolve it in the right manner.
There is no doubt that India is the largest importer of edible oil in the world and hence the fluctuations in the global market price have a direct impact on the domestic market price.
The availability of edible oils from indigenous sources is much less than the domestic demand and requirement. When there is a rise in the global edible oil market, the government makes the necessary reduction in the import duty so that it has a minimum impact on the domestic market.
After the reduction in import duty, the industry is asked to reduce the price of edible oil accordingly so that the common consumers can get its benefit.
The edible oil industry is facing many difficulties and challenges and for this it needs policy cooperation and support from the government.