The Indian government lowered import duties on crude palm, soybean, and sunflower oil to 16.5% (from 27.5%), increasing the duty gap with refined oils. This aims to support domestic refining and stabilize/reduce prices for consumers without impacting import volumes.

• Crude oil duties reduced by 10% to 16.5%.
• Refined oil duty remains at 35.75%.
• SEA expects revitalized domestic refining.