To ensure that the benefits of the recent import duty reduction on edible oils are passed on to consumers, officials from the department of food and public distribution (DoFPD), government of India, conducted a series of inspections at key edible oil refining and processing facilities across India.
The inspections, which were carried out over the past few days, covered major port-based edible oil refineries and inland processing plants that import crude palm oil (CPO), crude soybean oil, and crude sunflower oil.
Most inspections were carried out in Maharashtra, Andhra Pradesh, Madhya Pradesh and Gujarat, where maximum edible oil processing facilities are situated.
These inspections were aimed at reviewing the impact of the recent reduction in duty on the maximum retail price (MRP) and the price to distributor (PTD) of refined edible oils such as refined sunflower oil, refined soybean Oil, and RBD palmolein.
A majority of the inspected units have already reduced both MRP and PTD in response to the reduction in landed cost of imported crude edible oils, made possible due to the recent rationalization of import duties, the government said.
Several processing units conveyed their commitment to further reduce prices in the next few days, as they continue to receive lower-cost shipments of crude oils under the revised duty structure. The initiative has helped stabilize prices in the edible oil market, and early signs suggest that the benefits are gradually reaching end consumers through lower retail prices.
In recent months, the government has taken several policy measures to curb inflationary trends in edible oil prices. A major step included reducing the import duty on various crude edible oils to lower the overall landed cost. These steps are part of a broader strategy to maintain price stability and ensure essential commodities remain affordable for the common man.
The department will continue to closely monitor the situation and conduct periodic reviews to ensure that the benefits of lower import duties translate effectively into lower consumer prices across the country. Any anomalies or delays in passing on the price benefits will be addressed through appropriate regulatory actions.
In a meeting held under the chairmanship of the secretary, department of food and public distribution, on 11 June 2025, leading edible oil industry associations and the industry were told to pass on the benefits from the duty reduction to consumers.
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Naresh Khanna – 10 February 2025
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