Government assures no price hikes for essential commodities this festive season

The government has assured citizens that there will be no price hikes for essential commodities during the upcoming festive season.
With rising concerns over inflation, this announcement brings some relief to households that rely on everyday items such as wheat, rice, sugar, and edible oils.
To ensure prices stay under control, the government has pledged to keep a close watch on the market. This includes monitoring the supply and pricing of key products like wheat, rice, sugar, and edible oils.
The Ministry of Food and Consumer Affairs has highlighted that, as of now, there are no plans to allow any increase in prices for these essentials.
Recently, the government increased import duties on edible oils, sparking concerns of a potential price hike.
However, officials have clarified that 3 million tonnes of edible oil have been imported at zero duty, which should keep the price stable.
To further safeguard consumers, the government has asked edible oil companies not to raise prices, at least for now.
The Ministry of Food Distribution and Consumer Affairs also stressed that wheat prices will remain stable. The government will not be releasing wheat into the open market, but traders still hold a stock of around 10 million tonnes. This reserve should help keep wheat prices in check, as traders have been asked not to raise prices.
The government is confident that, with these measures in place, prices for these critical items will remain under control, ensuring that consumers are not burdened with additional costs during the festive period.
In conclusion, while there have been concerns about the impact of import duties on edible oils and the availability of other essentials, the government’s efforts appear to be focused on stabilising prices. For now, households can look forward to a festive season without significant price hikes on essential commodities.