Union Government Cuts Import Duty on Major Edible Oils Ahead of Festival Season

The Union Government reduced Basic Customs Duty on major imported crude edible oils, including palm, soybean, and sunflower oil, effective September 24.

The duty rationalization aims to moderate domestic retail prices, provide consumer relief, and mitigate inflationary pressures driven by rising international prices.

Edible oilseed farmers criticized the reduction as an attack on their livelihoods, fearing it precedes a potential trade deal with the United States.