Cooking oil prices to go up because of additional taxes!

Updated: 26/Dec/2014 2:22:45 PM

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The central government has raised the import tax on unrefined & refined cooking oil by 5%.

Unrefined oil import duty, which is currently at 2.5%, is increased to 7.5%.

Refined oil import duty, which is currently at 10%, is increased to 15%.

Central customs & Excise department has released this information.

The ministry of Food department sources informed that this step has been taken to protect the domestic cooking oil manufacturers.