Basic customs duty on crude sunflower oil lowered to zero.
Basic customs duty on crude soybean and palm oil lowered to five percent.
Goal is to reduce domestic cooking oil prices and ease inflation pressure.
Tax differential between raw and refined oil kept at about nineteen percent to support local refining.
Companies told to change price tags quickly to pass savings to consumers.
These changes are intended to lower the cost of oil when it reaches Indian markets, helping to keep grocery prices more stable.
A separate tax difference between raw and refined oil remains, encouraging domestic factories to continue processing oil locally.
Industry groups have been asked to quickly adjust store prices so the savings reach shoppers as soon as possible.
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