The Economic Times

Food Ministry asks edible oil firms to pass on full benefit of import duty cuts

The Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive aims to ensure consumers receive the full benefit of the cuts in import tariffs. The duty reductions are part of efforts to control inflation and stabilise domestic cooking oil prices. India's vegetable oil imports have risen, indicating increased demand influenced by factors like a weaker rupee.