Duty Hike
Govt ups edible oils base import prices by $12-$30/tn; crude palm oil by $30
This story was originally published at 11:12 IST on 30 August 2025
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--Govt ups crude palm oil base import price to $1,060/tn vs $1,030/tn
--Govt ups RBD palm oil base import price to $1,066/tn vs $1,050/tn
--Govt ups crude palmolein base import price to $1,079/tn vs $1,056/tn
--Govt ups RBD palmolein base import price to $1,082/tn vs $1,059/tn
--Govt ups crude soyoil base import price at $1,146/tn vs $1,134/tn
MUMBAI – The government has revised the base import prices of various edible oils, raising them in the range of $12 per tonne to $30 per tonne, the Central Board of Indirect Taxes and Customs said in a notification Friday. The revised rates came into effect Saturday.
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. 15.
The government has raised the base import price of crude palm oil by $30 per tonne. The base import price of refined, bleached, and deodorised palmolein, as also that of crude palmolein, has been raised by $23 per tonne each. The government has also increased the base import price of crude soyoil by $12 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. 29 | Aug. 15 | CHANGE |
| Crude palm oil | 1,060 | 1,030 | 30 |
| RBD palm oil | 1,066 | 1,050 | 16 |
| Crude palmolein | 1,079 | 1,056 | 23 |
| RBD palmolein | 1,082 | 1,059 | 23 |
| Crude soyoil | 1,146 | 1,134 | 12 |
End
US$1 = INR 89.19
Reported by J. Navya Sruthi
Edited by Deepshikha Bhardwaj
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