Govt keeps base import prices of all edible oils unchanged
This story was originally published at 09:26 IST on 24 April 2025
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NEW DELHI – The government has kept base import prices of most edible oils unchanged, the Central Board of Indirect Taxes and Customs said in a notification late Wednesday. The Centre levies import duty ad valorem and reviews the base import prices depending on changes in global prices and foreign exchange rates, usually on a fortnightly basis. The base import prices of edible oils were last revised on Apr. 15.
India is the world's largest importer of edible oils. Palm oil accounts for a bulk of the country's imports, with most of it purchased from Indonesia, Malaysia, and Thailand, the top producers of the commodity.
The following table details the base import prices of edible oils compared with previous levels, in dollars per tonne, and the revision in absolute terms in dollars:
EDIBLE OIL | Apr. 23 | Apr. 15 | CHANGE |
Crude palm oil | 1,153 | 1,153 | unch |
RBD palm oil | 1,162 | 1,162 | unch |
Crude palmolein | 1,173 | 1,173 | unch |
RBD palmolein | 1,176 | 1,176 | unch |
Crude soyoil | 1,098 | 1,098 | unch |
End
US$1 = INR 85.65
Reported by Afra Abubacker
Edited by Tanima Banerjee
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