India  
 
NewsR.in

Govt cuts edible oil import duty by 10 percentage points to tame soaring prices

IndiaTimes Friday, 30 May 2025
The government has reduced the basic customs tax on crude edible oils by 10 percentage points, effective Friday, to combat rising prices. This decision aims to lower the costs of palm oil, soyoil, and sunflower oil, bringing the effective duty down to 16.5%.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

World In PANIC As Oil Surges After U.S Strikes On Iran | Tehran Threatens To Close Hormuz Chokehold [Video]

World In PANIC As Oil Surges After U.S Strikes On Iran | Tehran Threatens To Close Hormuz Chokehold

Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets,..

Credit: Oneindia     Duration: 03:05Published
‘KEEP OIL PRICES DOWN’ Trump EXPLODES On Truth Social | Issues Big WARNING To Iran | Iran Conflict [Video]

‘KEEP OIL PRICES DOWN’ Trump EXPLODES On Truth Social | Issues Big WARNING To Iran | Iran Conflict

U.S. President Donald Trump broke his silence on the Strait of Hormuz crisis with an explosive post on Truth Social, urging oil producers to "KEEP OIL PRICES DOWN" and warning that they’re “playing..

Credit: Oneindia     Duration: 03:05Published
Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next? [Video]

Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as..

Credit: Oneindia     Duration: 03:37Published

Related news from verified sources

Govt Cuts Edible Oil Import Duty To 10% To Reduce Prices

 This decision brings the effective duty down to 16.5 per cent, following a sharp rise in edible oil prices—up by 17.4 per cent in April, as per retail...
Zee News