Govt ‘should reduce duty on oil’

2008-02-15 00:00

Amid spiralling food costs, with consumers already reeling, further increases in cooking oil, soap and margarine are set to rise by 20% to 25% within a few weeks, which will push these basic commodities out of the reach of more people.

Considered among the basket of goods from which the government calculates the consumer price index and thus inflation, the higher cost of cooking oil, margarine and soap will essentially affect poorer consumers more dramatically than their more affluent counterparts. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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