India Cuts Edible Oil Import Duties From September 24: New Rates Explained

The government has reduced import duties on several crude and refined edible oils from September 24.

 NEW DELHI, September 24, 2026: The Central government has reduced basic customs duties on several imported edible oils, including crude and refined palm, soybean and sunflower oils.

The revised duties came into effect on September 24, with the government aiming to reduce import costs amid concerns over food prices.

New Import Duty Rates

The basic customs duty on crude soybean oil has been reduced from 10% to 5%.

The duty on crude palm oil has also been cut from 10% to 5%.

For refined soybean and palm oils, the duty has been reduced from 32.5% to 27.5%.

The government has completely removed the 10% basic customs duty on crude sunflower oil, bringing it to zero.

The duty on refined sunflower oil has been reduced from 32.5% to 22.5%.

Why the Government Cut Duties

India is one of the world’s largest importers of edible oils and domestic prices can be affected by international commodity prices, freight costs and currency movements.

Lower import duties reduce the landed cost of imported edible oils and could potentially help moderate domestic prices.

However, the reduction in customs duty does not automatically mean that retail prices will fall by the same amount. The final impact will also depend on global oil prices, transportation costs, exchange rates and how much of the savings is passed on through the supply chain.

What Consumers Should Know

The duty reduction applies from September 24. Consumers could see an impact on edible-oil prices over time, but the size and speed of any retail price reduction will depend on market conditions.