Kathmandu, November 12. The Department of Commerce and Supplies Management has sought clarification from edible oil producing industries, including Dugar Group, the manufacturer of Dhara brand oil, and Kusum Oil Mill, that have raised oil prices exorbitantly.
The department took the move after finding the industries raising oil prices by 33-100 percent. It has not disclosed all details associated with the companies facing the music.
At a time when Tihar is round the bend, there’s a grave shortage of edible oil in the market. The department took the move after receiving information about the sale of edible oil at exorbitant rates.
In the course of monitoring, the department found mustard oil selling for Rs 280/litre, sunflower oil Rs 270/litre and soybean oil selling for Rs 240/litre. The department’s Market Monitoring Director, Hari Narayan Belbase, told Online Khabar: We have told these companies to present written clarifications detailing the reasons behind the price hike.
The government has intensified market monitoring, pointing that industries have upped oil prices citing dwindling import of unrefined oil and other raw materials required for the production of oil.
EmoticonEmoticon