Eating oil becomes cheaper - GST is removed as soon as GST is removed by ₹ 60 Cooking Oil Price Drop

Cooking Oil Price Drop: A relief news has come out for people struggling with inflation across the country.The government has recently made significant changes in GST rates, which has directly affected the prices of cooking oil.Eating oil used everyday has now become much cheaper than before.This decision will provide great relief to consumers of every class.

Big decision was taken in GST meeting

In the recent GST Council meeting, the central government decided to completely abolish 12% GST on cooking oil.Earlier, 8 to 12 percent GST was being charged on the oil of all major brands, due to which the oil prices were continuously increasing.Now removing this burden will directly benefit consumers and reduce the cost of the kitchen.

How much price reduced now?

According to experts, the price of oil per liter of oil has declined from about ₹ 50 to ₹ 60 after the GST is removed.This change will save about 25 to 30 percent in the kitchen budget.However, there may be a slight difference in prices based on brand and quality.

Common man got relief

Cooking oil is an essential thing in every household.Increasing its price has a direct impact on the domestic budget.Middle class and lower income families will benefit the most from the removal of GST.Now they will get oil at cheap prices and they will be able to handle their expenses better.

Hotel and restaurant owners benefit

The benefit of reduction in oil prices will not be limited to common homes only.Hotels, restaurants and dhaba owners will also get relief from this.Due to cheap cooking oil, their cost will decrease and they will also be able to provide food to customers at a reasonable price.This will also increase the possibility of increasing business.

Where to see the new rate?

Consumers can see new oil prices on their nearest grocery stores, supermarkets and online platforms.इसके अलावा, संबंधित ब्रांड्स की आधिकारिक वेबसाइट्स पर भी अपडेटेड प्राइस लिस्ट उपलब्ध कराई गई है।The government has given strict instructions to the companies to reach the consumers directly of the removal of GST.