Price Drop Alert: India’s Edible Oil Tax Cut Aims to Tame Food Inflation

Unknown Apr 02, 2026 2 Views

In a bold move to rein in soaring food prices, the Indian government has slashed the basic import duty on crude edible oils by half, effective immediately. The duty on crude palm oil, soyoil, and sunflower oil has been reduced from 20% to 10%, bringing the total effective import tax—includi...