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Cooking Oil MRP: Central Government Orders Companies to Pass on Import Duty Benefits to Consumers
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News18•26-09-2026, 08:03
Cooking Oil MRP: Central Government Orders Companies to Pass on Import Duty Benefits to Consumers
- •The Central Government has instructed edible oil companies to pass on the full benefit of import duty reductions to consumers.
- •Following import duty cuts, companies' import costs have decreased, and this benefit must reach consumers in the retail market.
- •The Ministry of Food has advised companies to immediately revise distributor prices (PTD) and maximum retail prices (MRP).
- •Duties have been reduced on crude sunflower oil, refined sunflower oil, crude soybean oil, crude palm oil, refined soybean oil, and refined palm oil.
- •Factors like international oil prices, rupee-dollar exchange rates, and transportation costs will influence the final retail price.
Key Questions Answered
The basic customs duty on crude sunflower oil was reduced from 10% to 0%, while the duty on refined sunflower oil was lowered from 32.5% to 22.5%.
The Ministry of Food instructed companies and industry associations to immediately revise distributor prices and maximum retail prices so that the full benefits of import duty reductions reach consumers.
India satisfies a major portion of its cooking oil demand through imports, primarily sourcing palm oil from Malaysia and Indonesia, and soybean oil from Argentina and Brazil. Consequently, international market pricing, the rupee-dollar exchange rate, and shipping costs directly influence final retail prices.
