📰 News ⏱ 2 min

Cheaper Cooking Oil Coming! 🛢️

The government is lowering the tax on oil that comes from other countries, so it can cost less at the store. 🏪

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Key Points

4 points

Tax on raw sunflower oil is now zero.

Tax on raw soybean and palm oil dropped from ten percent to five percent.

Lower tax means cheaper cooking oil for families.

Local factories still get help to turn oil into cooking oil.

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When the tax goes down, the price on the shelves can go down too, helping families buy food.

The rule still helps local factories that turn the oil into the kind we cook with.

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7 words

tax

a fee the government adds to things that are brought into the country

raw

not yet changed or processed

sunflower oil

oil made from sunflower seeds

soybean oil

oil made from soy beans

palm oil

oil made from palm fruit

factory

a place where things are made

refining

changing something to make it ready to use

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