There’s a new trend in Australia, with people paying more for premium cooking oil as well as “superpremium” cooking oils such as those made with a high concentration of hydrogen.
The Australian Competition and Consumer Commission (ACCC) has launched a new competition for cooking oil to encourage the “most expensive” cooking oil.
In the new competition, the winner will get $250,000.
It’s a big boost for the industry and a win for consumers who want to see their cooking oil be priced competitively with their rivals.
The competition aims to encourage consumers to buy cooking oils with higher concentrations of hydrogen in order to get the best of both worlds, and is meant to encourage people to spend more money.
In the past, the competition has seen some competition from the likes of Kraft and Nestle, which are competing with each other to see which one can claim the title of “most popular cooking oil”.
But the competition is a way for the ACCC to encourage cooking oils to be more affordable.
“Our competition is designed to stimulate competition and to encourage Australians to spend their hard-earned dollars on more affordable cooking oil,” ACCC chairwoman Anne Tolley said.
“We are really excited about the opportunity to reward the best quality cooking oil brands.”
The ACCC is asking Australians to take part in the competition by clicking here to enter.
It will be open until November 12, 2018.
In 2016, the ACCCs competition was criticised for not being fair and impartial.
It was also criticised for its lack of transparency and for not having a set deadline for completing the competition.