Base Import Price
Govt cuts base import prices of most edible oils by $4-$10 per tn
This story was originally published at 10:55 IST on 1 November 2025
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--Govt cuts crude palm oil base import price to $1,113/tn vs $1,123/tn
--Govt cuts RBD palm oil base import price to $1,142/tn vs $1,148/tn
--Govt cuts crude palmolein base import price to $1,145/tn vs $1,149/tn
--Govt cuts RBD palmolein base import price to $1,148/tn vs $1,152/tn
--Govt retains crude soyoil base import price at $1,187/tn
MUMBAI – The government has reduced the base import prices of various edible oils, barring soyoil, with the price cuts in the range of $4 per tonne to $10 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. The government normally revises base import prices of edible oils every fortnight and these are used to calculate the duty on these commodities being brought into the country. The base import prices of edible oils were last revised Oct. 15.
The base import price of crude palm oil has been cut by $10 per tonne and that of refined, bleached, and deodorised palm oil has been reduced by $6 per tonne. The government has cut the base import price of crude palmolein oil and refined, bleached, and deodorised palmolein oil by $4 per tonne. It has retained the price of crude soyoil at $1,187 per tonne.
India is the largest importer of edible oils. Palm oil accounts for the bulk of the country's imports, with most of it purchased from Indonesia, Malaysia, and Thailand, which are 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 | Oct. 31 | Oct. 15 | CHANGE |
| Crude palm oil | 1,113 | 1,123 | -10 |
| RBD palm oil | 1,142 | 1,148 | -6 |
| Crude palmolein | 1,145 | 1,149 | -4 |
| RBD palmolein | 1,148 | 1,152 | -4 |
| Crude soyoil | 1,187 | 1,187 | 0 |
End
US$1 = INR 88.77
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by J. Navya Sruthi
Edited by Tanima Banerjee
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