14
Sep
Center increased import duty on edible oil. Import duty on both crude and refined edible oils has been increased by 20 percentage points. This decision was informed by the central government on Friday. This decision has been taken to help local farmers get prices, according to the news agency Reuters. Due to this, the prices of palm oil, soybean oil, and sunflower oil may increase in the local market. It is feared that the import of edible oil from outside may also decrease due to the increase in import duty. Import duty on crude edible oil has increased from 5.5…