Govt slashes Basic Custom duty on major imported crude edible oils from 20% to 10%
- Posted on June 11, 2025
- By Business News Today
- 1 Views
Govt slashes Basic Custom duty on major imported crude edible oils from 20% to 10%
The government has reduced the Basic Customs Duty on crude sunflower, soybean, and palm oils from 20% to 10%, increasing the duty gap with refined oils to 19.25%. This move aims to lower edible oil prices, encourage domestic refining, and ease inflation. Industry has been urged to pass on the benefits to consumers.
