CNN Central News & Network-ITDC India Epress/ITDC News Bhopal: New Delhi. Ahead of the festive season, the central government has reduced the basic customs duty (BCD) on edible oils. The government has cut the import duty on crude soybean and palm oil from 10 percent to 5 percent. Duty on refined soybean and palm oil has been reduced from 32.5 percent to 27.5 percent. The new rates came into effect on 24 September 2026.
The government has also made a major cut in the duty on crude sunflower oil. Its basic customs duty has been reduced from 10 percent to zero. Duty on refined sunflower oil has been cut from 32.5 percent to 22.5 percent. The move is aimed at lowering import costs and easing pressure on edible oil prices in the domestic market.
India meets more than half of its edible oil requirement through imports. As a result, changes in international prices, the rupee exchange rate and import costs affect the domestic market. The reduction in import duty is expected to lower the cost of oil, although the actual decline in retail prices will also depend on old stocks, global prices and market conditions.
During the festive season, demand for edible oil rises in households as well as in the sweets and savoury snacks businesses. At such a time, the government’s decision is expected to reduce pressure on import costs and potentially provide relief to consumers.
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