Lok Sabha Question No. 953 (UNSTARRED), answered on 2023-07-26
Subject: Prices of Edible Oil
Ministry: CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
Asked by: Naranbhai Bhikhabhai Kachhadiya, Arun Sao, Devendrappa Y, Saikia Dilip, Sunil Kumar Soni, Devji Mansingram Patel, Sunil Kumar Singh, Mohan Mandavi, Sudhakar Tukaram Shrangre, Sumedhanand Saraswati, Vijay Baghel, Manoj Rajoria

## GOVERNMENT OF INDIA

## MINISTRY OF CONSUMER AFFAIRS, FOOD & PUBLIC DISTRIBUTION DEPARTMENT OF FOOD AND PUBLIC DISTRIBUTION

## LOK SABHA

## UNSTARRED QUESTION NO.953 TO BE ANSWERED ON 26TH JULYI  2023

## PRICES OF EDIBLE OILS

## 953. SHRI NARANBHAI KACHHADIYA:

SHRI ARUN SAO:

SHRI Y. DEVENDRAPPA:

SHRI DILIP SAIKIA:

SHRI SUNIL KUMAR SONI:

SHRI DEVJI  M. PATEL:

SHRI SUNIL  KUMAR  SINGH:

SHRI MOHAN MANDAVI:

SHRI SUDHAKAR TUKARAM SHRANGARE:

SHRI SUMEDHANAND  SARASWATI:

SHRI VIJAY BAGHEL:

DR. MANOJ  RAJORI Al

Will the Minister of CONSUMER  AFFAIRS, FOOD  AND PUBLIC

DISTRIBUTION  aq'ft?m =M, @rw dR m+rf+q  fq7wr ##  be pleased  to  state:

- (a) whether  the  Government has made any effort  to  reduce the  retail
- prices of edible oils amid the ongoing fall in global prices;
- (b) if so, the details thereof and if not, the reasons therefor; and
- (c) the fresh steps taken by the Government to ensure that the benefit of
- fall in global prices of edible oils is passed on to the consumers?

## ANSWER

MINISTER OF STATE FOR MINISTRY OF RURAL DEVELOPMENT AND CONSUMER AFFAIRSI FOOD & PUBLIC DISTRIBUTION (SADHVI NIRANJAN JYOTI)

(a) & (b): Government of  India is closely  monitoring the  domestic retail prices of edible oils to  ensure that the full  benefits of decrease in international prices is passed on to the end consumers. Regular meetings are conducted with  leading Edible Oil Associations and industry wherein they are being advised to decrease the retail prices in line with falling international prices.

Further, in order to control and ease the prices of edible oils in the domestic market, the Government of India has taken the following steps:

- The basic duty on Crude Palm Oil, Crude Soyabean Oil and Crude Sunflower Oil was cut from 2.5% to  Nil. The Agri-cess on Oils was brought down from 20% to  5%. On 30th December, 2022, this  duty structure  has been extended upto 31 't March, 2024.
- The basic duty on Refined Soybean oil  and Refined Sunflower Oil was reduced to 17.5% from 32,5% and the basic duty on Refined Palm Oils was reduced from 17.5% to  12.5% on 21.12.2021. This duty has been extended up to 31 't March, 2024.
+ The  Government has extended the free  import  of Refined Palm Oils till further orders.

As on 20.07.2023, the international prices of major Edible oils such as Crude Soybean Oil, Crude Sunflower Oil, Crude Palm Oil and Refined Palm Oils have decreased drastically  since last year. Due to continuous efforts made by Government, the  retail  prices of  Refined Sunflower Oil, Refined Soybean Oil and RBD Palmolien have decreased by 29.04%, 18.98% and 25.43% respectively  over a year.

- (c): in the latest  initiative taken by the Government, the import duty on Refined Sunflower Oil  and Refined Soybean Oil  has  been reduced from 17.5% to  12.5% with  effect  from  15.06.2023.

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