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Tag: crude oil refined oil increases

Duty hike on crude, refined oils to hugely benefit farmers: Official

Posted on September 14, 2024 By admin
Duty hike on crude, refined oils to hugely benefit farmers: Official

The effective duty on the crude and refined oils will increase from 5.5% to 27.5% and from 13.75% to 35.75%, respectively. | Photo Credit: Reuters “The Government’s decision to hike customs duty on crude palm and refined sunflower oil to 20% and 32.5%, respectively, will ‘hugely’ benefit farmers as it will increase their income,” a…

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