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| Centre to supply edible oils through ration shops, J-K among 14 states agree | | | New Delhi | June 20
In a firefighting measure to provide relief to common man from inflation, the Centre on Friday said it will supply edible oils through ration shop at Rs 15 per kg below the imported price from July.
The supply of vegetable oils, mainly refined soya and palm oils from ration shops would begin from next month, an official release said.
It said 15 states have agreed to participate in the scheme which would cost the Centre Rs 1,500 crore.Ration card holders in Andhra Pradesh, Chhattisgarh, Gujarat, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Meghalaya, Nagaland, Orissa, Rajasthan, Sikkim, Tamil Nadu, Tripura and West Bengal would be able to get edible oils at subsidised rates.
Of the 11 million tons demand, India's import dependence is to the extent of 39 per cent.
Government-owned MMTC, STC, PEC and Nafed have already contracted import of 1.79 lakh tons of edible oils, out of which, one lakh tons have been shipped to Indian ports.The unprecedented rise in international prices of edible oils in the last two years has affected domestic prices, the release said.
The scheme for distribution of edible oils through ration shops would provide relief to the poorer sections, besides ensuring steady availability of oils to these people, it said.
The government also claimed that the increase in the domestic prices of edible oils has been kept low as compared to international prices through a number of steps.
The measures taken include import duty reduction on crude and refined palm oils to nil and 7.5 per cent respectively from April 1, 2008 compared to 80 per cent and 90 per cent respectively two years ago. |
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