Overview

• On June 11 the government halved the basic customs duty on crude sunflower, soybean and palm oils from 20 percent to 10 percent, bringing total levy on crude palm oil down to 16.5 percent.
• The tariff differential between crude and refined edible oils has widened to 19.25 percent to redirect imports toward domestic refiners and curb refined oil shipments.
• The Department of Food and Public Distribution issued an advisory for industry bodies to revise price‐to‐distributor and maximum retail prices at once and share weekly brand‐wise MRP updates.
• Mother Dairy cut the MRP of its Dhara soybean oil by Rs 10 per litre and trimmed sunflower oil street prices by Rs 5 per litre, with other manufacturers planning similar reductions.
• Officials say the move is designed to lower landed costs for edible oils, temper retail price inflation and bolster capacity utilisation at local refineries.