September 24, 2026 1:31 PM
Govt Cuts Import Duty on Crude Edible Oils to Moderate Domestic Prices
In a bid to provide relief to consumers, the Government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils to help moderate domestic edible oil prices. The move is aimed at mitigating inflationary pressures arising from the sharp increase in international edible oil prices. The BCD on Crude Sunflower Oil has been reduced from 10% to Nil, while the BCD on Crude Soybean Oil and Crude Palm Oil has been reduced from 10% to 5%, according to a press release issued by the Min...