Economy & Business
Import duty cut on crude edible oils
Customs duty on crude sunflower oil went to nil, and on crude soybean and palm oil to 5%, on 24 September 2026.
On 24 September 2026 the Government cut the Basic Customs Duty on crude sunflower oil from 10 per cent to nil, and on crude soybean oil and crude palm oil from 10 per cent to 5 per cent, to ease domestic prices after a sharp rise in world edible oil prices. Duty on refined oils was cut too, keeping a gap of 19.25 per cent between crude and refined oils.
Test yourself
Question 1
In September 2026 the basic customs duty on which crude edible oil was cut to nil?
- ASunflower oil
- BPalm oil
- CSoybean oil
- DMustard oil
Show the answer and explanation
Correct answer: A
Explanation
Crude sunflower oil went from 10 per cent to nil.
Crude soybean and palm oil went from 10 per cent to 5 per cent.
- Concept
- Edible oil duty cut
- Typical time
- 50 seconds
- Written from
- pib.gov.in