KATHMANDU, June 1: The price of cooking oil has shot up in the domestic market in recent days. The price has increased more than Rs 50 per litre this year as compared to the price last year.
The Department of Commerce, Supplies and Protection of Consumer Interest had conducted monitoring at the oil industries after the increase in the price of cooking oil compared to the price of other foodstuff.
It carried out the monitoring at the oil industries based on the complaints of consumers. The Department had directed the Nepal Vegetable Ghee and Oil Producers Association to provide information regarding the reasons for increase in the price of cooking oil after conducting the monitoring.
Following this directive, the Association, which is the umbrella organisation of the cooking oil producers in the country, claimed that the cooking oil producers have not increased the price inappropriately.