Cooking Likely to Get Cheaper as Centre Cuts Customs Duty on Edible Oils
The cuts lower import costs and could ease retail prices as edible-oil companies had planned 7% to 8% increases before the festive season.
- Effective September 24, 2026, the Centre reduced the Basic Customs Duty on crude and refined soybean, palm, and sunflower oils to lower import costs for edible oils.
- Industry planned to raise prices by around 7-8% ahead of the festive season, prompting The Ministry to intervene as companies faced margin pressure from higher import costs.
- The BCD on crude soybean and palm oils dropped to 5% from 10%, while refined variants fell to 27.5% from 32.5%; crude sunflower oil duty is now Nil.
- Retail cooking oil prices should cool down as household consumption and demand from HORECA and sweet-manufacturing sectors surge, according to The Indian Vegetable Oil Producers Association.
- Sudhakar Desai, president of The Indian Vegetable Oil Producers Association, cautioned that final relief depends on global commodity trends, ocean freight rates, currency fluctuations, and existing inventory levels.
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Cooking oils likely to get cheaper ahead of festive season as government cuts import duties, check details
Demand for edible oil increases during the festival seasons not only in homes but also in sweets, snacks, restaurants, and food service businesses. At such a time, this government decision could help reduce the cost of imported oil.
Retail prices of cooking oils may fall after duty cut: IVPA
New Delhi: Edible oil industry body IVPA expects retail prices of cooking oils to come down following the government’s decision to cut import duties on soyabean, palm and sunflower oils. India meets around 60 per cent of its total edible oil requirements through imports. On Wednesday, the government reduced the basic customs duty (BCD) on … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories…
Govt Cuts Import Duty On Edible Oils: The government has given a big relief to the people of the country during the festive season and has reduced the import duty applicable on edible oils.
Customs duty on edible oils slashed ahead of festive season
Ahead of the festive season, the Centre has announced major cuts in the Basic Customs Duty (BCD) on edible oils, including palm, soybean, and sunflower oil. The revised duty structure comes into effect on September 24. According to the notification, the BCD on crude sunflower oil has been completely eliminated from 10%, while the import […]
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