The Indian government recently increased the basic customs duty on edible oils from 0% to 20%. This is expected to lead to a 2-4% increase in costs for companies like Bikaji Foods, which will ultimately be passed on to consumers. This means that you can expect to pay slightly more for edible oils in the near future.
While the government’s decision is aimed at boosting domestic production of edible oils, it is likely to have a negative impact on consumers in the short term. It is important to note that edible oils are an essential part of the Indian diet, and a rise in their prices could put a strain on household budgets.