Govt prescribes standard pack sizes for edible oils to facilitate price comparison, boost transparency

New Delhi: The government on Saturday said it has amended the standard operating procedure for determination of net quantity and standard pack sizes of edible oils and fats under the Legal Metrology framework, towards enhancing consumer transparency and promoting fair trade practices.

The Department of Consumer Affairs said the decision was taken after extensive consultations with major edible oil industry associations, representing nearly 90 per cent of the country’s edible oil sector. The new provisions will apply to both edible oils produced in India and imported edible oils.

The initiative seeks to address the growing proliferation of varying package sizes in the market, which often makes it difficult for consumers to compare prices and make informed purchasing decisions

With this, consumers will be able to compare prices across brands more easily and assess value for money accurately.

The revised SoP prescribes standard pack sizes for major edible oils and blended edible oils, including palm oil, soybean oil, sunflower oil, mustard/rapeseed oil, groundnut oil, sesame oil, rice bran oil, cottonseed oil and corn oil.

The permitted standard pack sizes are: 200 ml/gram, 500 ml/gram, 1 litre/kg, 2 litre/kg, 3 litre/kg, 4 litre/kg, 5 litre/kg, 15 litre/kg and 20 litre/kg.

These standard sizes will help consumers compare prices across different brands more easily and make informed purchasing decisions.

“Packages below 200 ml or 200 grams will continue to remain outside the scope of standardisation, ensuring continued availability of affordable small packs for consumers. Minor edible oils have also been exempted from the standard pack size requirement,” said the statement.

If the quantity of edible oil is shown in litres or millilitres (volume), the package must also clearly mention the equivalent weight.

This requirement will be followed as per the Legal Metrology (Packaged Commodities) Rules, 2011. This will help consumers compare products of different brands more easily and make better buying decisions.

IANS

 

RBI hikes equity investment limits for NRIs, OCIs

Mumbai:The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without...

Maruti unveils India’s 1st flex-fuel WagonR capable of running on 100 pc ethanol

New Delhi: Maruti Suzuki on Thursday unveiled India’s first flex-fuel passenger car, the WagonR flex-fuel, marking a major step in the country’s shift towards alternative and cleaner fuels amid global...

TCS, Infosys, Wipro cross 3 lakh Microsoft’s Copilot users in major AI push

New Delhi: India’s three leading IT services providers -- Infosys, TCS and Wipro -- have collectively expanded deployment of '365 Copilot' to more than 3 lakh employees within six months,...

SBI Funds Management likely to list in 2027: CS Setty

New Delhi: India’s largest lender, State Bank of India (SBI), expects to list its asset management arm SBI Funds Management Ltd (SBIFML) on the exchanges in 2027, with draft papers...

Demand for EVs rises in May as fuel prices go up amid Iran war

New Delhi: India's electric vehicle (EV) market registered an increase in demand during May this year, as higher fuel prices pushed more buyers towards battery-powered alternatives, according to reports by...

Commercial LPG prices hiked again; Delhi rate up by Rs 42, Kolkata sees Rs 53.50 increase

New Delhi: Commercial LPG prices have been increased once again, adding to the cost burden faced by restaurants, hotels, caterers and small businesses across the country that rely heavily on...

Global AI-related stocks under pressure, India may again attract FII flows

New Delhi: Amid concerns surrounding the valuations of AI-related stocks and the concentration risk involved in investing in a few stocks in this segment, FII flows into this segment might...

Crude oil prices slip 1 pc amid US-Iran ceasefire extension reports

  New Delhi:Global crude oil prices fell 1 per cent in early trade on Friday as reports claim that the United States and Iran had agreed to a 60‑day memorandum...

Asian shares decline as fresh US-Iran tensions weigh on sentiment

New Delhi: Asian markets traded lower on Thursday as renewed geopolitical tensions following fresh US military action against Iran weighed on investor sentiment, while oil prices rebounded 4 per cent...

Adani Group stocks erase Hindenburg-era losses as market value nears Rs 19 trillion

Mumbai: Shares of Adani Group companies have recovered all losses triggered by the 2023 Hindenburg Research report, with the conglomerate’s combined market value nearing Rs 19 trillion amid improving investor...

HDFC Bank shares fall over 2 pc amid allegead payment irregularities

New Delhi: Shares of India's largest private lender HDFC Bank fell more than 2 per cent during early trade on Wednesday following a report alleging irregular payment practices and raising...

Hyundai Motor America recalls over 4 lakh vehicles over braking defect

New Delhi: Hyundai Motor America -- the US unit of South Korean automaker firm -- has recalled more than 421,000 vehicles over a software defect that could trigger sudden and...

Read Previous

Govt calls claims of NEET-UG re-exam paper printing by FinMin ‘fake’

Read Next

Bengal: LIC approaches police to reclaim land from Biswas brothers

WP2Social Auto Publish Powered By : XYZScripts.com