Import Duty
Govt ups edible oils base import price by $14-$18/tn; crude palm oil by $18
This story was originally published at 12:16 IST on 16 August 2025
Register to read our real-time news.Informist, Saturday, Aug. 16, 2025
MUMBAI – The government has revised the base import prices of various edible oils, raising them in the range of $14 per tonne to $18 per tonne, the Central Board of Indirect Taxes and Customs said in a notification Thursday. The revised rates came into effect Friday.
The Centre levies import duty ad valorem and reviews 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 Aug. 1.
The government has raised the base import price of crude palm oil by $18 per tonne. The base import price of refined, bleached, and deodorised palmolein as also that of crude palmolein has been raised by $15 per tonne each. The government has also increased the base import price of crude soyoil by $14 per tonne.
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, which are the top producers of the commodity.
The following table details the base import prices of edible oils compared with the previous levels, in dollars per tonne, and the revision in absolute terms in dollars:
|
EDIBLE OIL |
Aug. 15 |
Aug. 1 |
CHANGE |
|
Crude palm oil |
1,030 |
1,012 |
18 |
|
RBD palm oil |
1,050 |
1,035 |
15 |
|
Crude palmolein |
1,056 |
1,041 |
15 |
|
RBD palmolein |
1,059 |
1,044 |
15 |
|
Crude soyoil |
1,134 |
1,120 |
14
|
End
US$1 = INR 87.55
Reported by Abhijit Doshi
Edited by Vandana Hingorani
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
