Edible Oil Firms Told to Pass Duty Cuts

Business Standard · business

The Food Ministry has directed edible oil companies to pass on the full benefit of reduced import duties to consumers. This directive follows the government's decision to lower customs duties on various crude and refined edible oils, including sunflower, soybean, and palm oil. The move aims to moderate domestic prices, provide relief to consumers, and curb inflation. Edible oil associations have been asked to ensure prompt price reductions.