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Centre asks edible oil firms to pass duty-cut benefits on to consumers

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Centre asks edible oil firms to pass duty-cut benefits on to consumers

Home / Economy / News / Centre asks edible oil firms to pass duty-cut benefits on to consumers

Centre asks edible oil firms to pass duty-cut benefits on to consumers

The directive follows cuts in import duties on sunflower, soybean and palm oils as the government seeks to moderate domestic prices and ease inflationary pressures

The duties were lowered to bring down edible oil prices that had reached dizzying heights just when the main festival season was taking shape (Representative Image)

Agencies New Delhi 3 min read Last Updated : Sep 24 2026 | 7:47 PM IST

The Ministry of FOOD on Thursday directed all edible oil companies to pass on the entire benefit of lower import duties on cooking oils to consumers. The directive came hours after the government reduced duties on edible oil import since prices had spiked just ahead of the festival season, owing to inflationary pressures arising from the sharp increase in international edible oil prices against the backdrop of the West Asia crisis.

In an official statement, the ministry said it has "issued an advisory to edible oil associations and industry stakeholders to ensure that the full benefit arising from the reduction in import duty is passed on to consumers".

The Centre on Thursday said it will continue to monitor prices, taking adequate measures to balance consumer interest with those of farmers and the industry.

5 per cent. 5 per cent on Wednesday.



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