Edible Oil Prices to Plummet: Government Decision Brings Relief to Consumers

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Cooking Oil Prices to Plummet: Government Halves Import Duty, Relief for Consumers

Cooking Oil Prices to Plummet: Government Halves Import Duty, Relief for Consumers

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News18•22-02-2026, 12:35

Cooking Oil Prices to Plummet: Government Halves Import Duty, Relief for Consumers

•Central government slashes import duty on crude edible oils from 20% to 10% starting May 31st.
•Decision aims to provide relief to consumers from rising cooking oil prices.
•India imports up to 70% of its cooking oil, primarily palm oil from Indonesia/Malaysia and sunflower oil from Argentina/Russia.
•Total tax burden on crude palm, soybean, and sunflower oils will decrease from 27.5% to 16.5%.
•Consumer Affairs Ministry is monitoring to ensure benefits reach the public; prices already showing signs of reduction.

Read Full Article on News18 in Telugu

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