Not surprisingly

Not surprisingly, cooking oil prices have surged more than 20% in less than a month. There have been reports of people stocking up on supplies. Much of the country's fabled cheap street food is deep fried in oil. Along with rice, wheat and salt, cooking oil is a staple for the poorest Indians. "The rise in cooking oil prices is definitely hurting," admits Sudhanshu Pandey, India's senior-most food official.

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