The government hiked the import duty on crude palm oil to 15 per cent from 7.5 per cent and on refined to 25 per cent from 15 per cent to curb cheaper shipments and boost local prices for supporting domestic farmers and refiners. The import duties on other crude edible oils like soya and sunflower have been raised to 17.5 per cent from 12.5 per cent, according to a notification issued by the Central Board of Excise and Customs. The hike in import duty of crude and refined palm oil will help restrict cheaper imports from Malaysia and Indonesia and benefit farmers which are in distress due to fall in prices of oil-seeds below minimum support price because of bumper production. 

On July 27, an inter-ministerial panel had reviewed edible oil availability in the country and discussed ways to deal with rising imports. A committee was set up later to look into import duty structure for checking cheap cooking oil shipments.

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