Sudden Hike in Customs Duty on Edible Oils Spoils Kitchen Budget
Bhopal: The sudden increase in customs duty on edible oils has spoiled the kitchen budget of common people. The prices of soybean oil, mustard oil, and other edible oils have increased by Rs 25-35 per litre due to the hike in customs duty. This decision has not only affected the kitchen budget but also increased the prices of vegetables.
According to a government notification, the customs duty on crude oil has been increased from zero to 20%, while the duty on refined oil has been increased to 32.5%. This change has been effective from September 14. As a result, the prices of edible oils have increased, and the common man is facing the brunt of it.
Experts' View
The increase in customs duty on edible oils will certainly affect the budget of the common man, but it is a step towards making India self-reliant. This decision will benefit farmers as they will get a better price for their produce, which will lead to an increase in oilseed production. This will also ensure that oil refining units and plants remain operational, and people do not lose their jobs.
Rajesh Agarwal, President of the Gwalior Chamber of Commerce, said, "The increase in customs duty on edible oils will certainly affect the budget of the common man, but it is a step towards making India self-reliant."
Price Hike
The prices of edible oils have increased as follows:
* Soybean oil: Rs 95-135 per litre
* Mustard oil: Rs 130-165 per litre
* Sweet oil: Rs 100-135 per litre
* Vanaspati ghee: Rs 120-135 per liter
Vegetable Prices
The prices of vegetables have also increased due to the hike in edible oil prices. The prices of vegetables are as follows:
* Potato: Rs 30 per kilo
* Tomato: Rs 60 per kilo
* Ladyfinger: Rs 30 per kilo
* Onion: Rs 60 per kilo
* Garlic: Rs 400 per kilo
* Green coriander: Rs 400 per kilo
* Green chilli: Rs 80 per kilo
* Bottle gourd: Rs 40 per kilo
* Turai: Rs 60 per kilo
* Cauliflower: Rs 100 per kilo
* Cabbage: Rs 40 per kilo
* Old ginger: Rs 160 per kilo
* Lemon: Rs 80 per kilo
