Patanjali Foods is planning to cut prices of soyabean oil, sunflower oil and palm oil by Rs 10-15 per litre to pass on the benefits of fall in global prices. The effective reduction in the last 45 days, including the proposed Rs 10-15 per litre cut, would reach to Rs 30-35 per litre.
Earlier this month, the food ministry had directed edible oil companies to reduce prices of edible oil in line with the fall in global rates.
Patanjali Foods, erstwhile Ruchi Soya Industries, sells its products under brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight.
