Cooking Likely to Get Cheaper as Centre Cuts Customs Duty on Edible Oils

Cooking Oil Gets Cheaper? Centre Slashes Import Duty On Key Edible Oils

Cooking oil prices may see some relief after the Centre reduced the basic customs duty on several imported edible oils. The revised duties will come into effect from September 24, according to a Finance Ministry notification cited by ANI.

Centre cuts import duty on edible oils to curb price rise

The move is expected to lower import costs for cooking oils and potentially provide some relief to consumers if the benefit is passed on through the supply chain.

Centre cuts customs duty on sunflower, soybean and palm oils from September 24

The Centre has cut basic customs duty on crude and refined sunflower, soybean and palm oils, with the new rates effective from September 24.

Cooking likely to get cheaper as Centre cuts customs duty on edible oils

Duty on crude soybean and palm oils has been cut from 10% to 5%, while that on refined varieties has been reduced from 32.5% to 27.5%.

Centre cuts customs duty on crude and refined oils

The Central government has announced a reduction in the basic customs duty on edible oils. Crude soybean oil and crude palm oil duties have decreased to 5% from 10%. Additionally, the duty on refined sunflower oil has been lowered to 22.5% from 32.5%. These changes will apply starting September 24, 2026 as part of a strategy to manage edible oil prices.