BusinessIndia Cuts Import Duties to Balance Cooking Oil Costs and Sustainability
India aims to keep cooking oil affordable while promoting sustainable palm oil sourcing. To curb rising edible oil prices, the government cut customs duties on crude sunflower oil to zero and reduced duties on crude palm and soybean oils to 5%. India imports about two-thirds of its edible oil, making prices sensitive to global factors. The government maintains a duty gap to support domestic refining and control inflation.
Firstpost Business·4h ago



