The price of oil officially increased more than 3 times
The increase in edible oil prices has officially begun. Based on the disclosure of information from stock market companies on Codal, the prices of various household oils have increased by an average of 220%, and oils for trades and industries have increased by 260%.
This price surge has been implemented since January 6, 2026, following the removal of preferential currency for the import of crude oil, a factor that has effectively tripled the price of oil.
Meanwhile, the government spokesperson announced yesterday that basic goods would become 20 to 30 percent more expensive, but oil, chicken, and eggs would have a significant price increase.