Amid rising tomato prices that are burning a hole in common man's pocket across the country, the government on Friday said the prices of the commodity are expected to stabilise within the next 15 days.
The surge in farm prices is only being partially passed on to the consumers, thereby securing the interests of both the stakeholders -- consumers and farmers.
According to the Tamil Nadu Spinning Association and reports from other places, the average price of cotton was Rs35,000 a candy (345 kg) in October 2020 and it rose to Rs 55,000 in October 2021, when the new cotton season started.
According to the vegetable vendors too, there will be no reduction in price in the near future amid the shortfall in supply.
The farmers at Goghat Kamarpukur Dankbanglo Wholesale Market threw their vegetables on the road as a mark of protest for being deliberately deprived of a justified price.
"As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others," the source said.
Petrol and diesel have been priced at Rs 113.37 and Rs 102.66 respectively in Madhya Pradesh's Bhopal, Rs 105.43 and Rs 96.63 respectively in West Bengal's Kolkata and Rs 102.10 and Rs 97.93 in Chennai respectively.
The price pause came after fuel prices rose consistently for the past seven days taking the rates to all-time high levels. The prices of petrol and diesel remained steady on 4 October, but saw a hike after that.
According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "The Indian benchmark had a gap up start today and is likely to recover from the previous session's fall."
In Mumbai, the petrol price increased by over 30 paisa per litre to reach close to Rs 109 per litre while diesel rates increased and stood near Rs 100 a litre at over Rs 99.15 a litre.
