Fair price shop edible oil to cost less than market rate

PANJIM, JULY 1 Here is some relief for consumers as far as edible oil is concerned. With effect from July 1, the government will provide 2 litres of edible oil per ration card at Rs 38 per litre, Rs 7 less than the market rate.

PANJIM, JULY 1
Here is some relief for consumers as far as edible oil is concerned.
With effect from July 1, the government will provide 2 litres of edible oil per ration card at Rs 38 per litre, Rs 7 less than the market rate.
The scheme was introduced by the Central Government in February this year thereby allocating 1 litre of edible oil to each family at a subsidised rate. The State Government has now decided to lift the backlog quota from February 10 to June 10, and distribute the same between July and November, and therefore, each family will now get Rs 2 litres of oil for the next four months.
The State government has appointed Goa Marketing & Supply Federation (GMSF) as nodal agency to supply edible oil to 525 fair price shops and the fair price shops will charge the ultimate price to the consumers at Rs 38 per litre, told Narayan
Naik, Chairman, GMSF while addressing a press conference on Thursday here.
He said this is one of the measures adopted by the Central Government to bring down the prices of essential commodities as there is unprecedented rise in the prices of commodities of daily consumption.
At present, the market rate of edible oil is Rs 45 per litre but consumers will pay Rs 7 less on edible oil bought from fair price shop. This will also help to control the prices of the edible oil in the ensuing festival month, Naik said.
GMSF in profit: The GMSF has broken the chain of financial loss of last thirteen years. The chairman of GMSF claimed that last two financial years, it has been making profit. In 2008-09 GMSF made profit of Rs 74 lakh and Rs 51 lakh in 2009-10.
The GMSF has ten stores or Sahakar bhandars in the State but now intends to have at least, one store in each of the taluka as its financial health is improving, said Naik.

 

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