Govt Cuts Import Duty on Crude Edible Oils to Moderate Domestic Prices

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...

edible oil import duty cuts

June 19, 2025 3:11 PM

Govt to ensure that consumers benefit from edible oil import duty cuts

In a move aimed at ensuring consumers benefit from recent import duty reductions on edible oils, the Department of Food and Public Distribution (DoFPD) has launched a nationwide inspection drive across major edible oil refining and processing facilities. Over the past few days, officials inspected key port-based refineries and inland processing units in states including Maharashtra, Andhra Pradesh, Madhya Pradesh, and Gujarat—regions where a significant share of the country’s edible oil pro...