New Delhi, Oct 10 (TIWN) Even when the international prices of edible oils have gone up in the range of 1.95 per cent to 7.17 per cent after the import duty reduction, the decreasing trend in domestic prices and net effect (ranges for 3.26 per cent to 8.58 per cent declined) after duty reduction is quite substantial, the government said on Friday.

"Necessary policy intervention by Central government with reference to duty reduction is proving to be beneficial for the general consumers," the government said in a release.  "International prices of Soyabean oil, Sunflower oil, Crude Palm oil and RBD Palmolein increased by 1.85 per cent, 3.15 per cent, 8.44 per cent and 10.92 per cent respectively over the month.  After the import duty reduction (effective from September 11) on imported edible oils, domestic retail and wholesale prices reduced in the range of 0.22 per cent to 1.93 per cent. However, Mustard oil is purely domestic oil, and its prices are expected to soften with number of other measures the government is contemplating," the release from Department of Food and Public Distribution (DFPD) said.