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  India is worlds biggest palm and soybean oil importer, relying on inward shipments for 70 per cent of the needs.Currently, the import duty on refined palm oils is 15 per cent, while that on crude palm oil is 7.3-14."No decision was taken rubber shock absorption pad Suppliers today.New Delhi: An inter-ministerial panel headed by Finance Minister Arun Jaitley on July 27 reviewed edible oil availability in the country and discussed ways to deal with rising imports, sources said. Imports of refined edible soft oils and crude edible soft oils attract 20 per cent and 12.5 per cent duties, respectively.5 million tonnes of edible oils in November 2016 to October 2017 year.Apart from Jaitley, the IMG meeting was attended by Commerce Minister Nirmala Sitharaman, Food Minister Ram Vilas Paswan, Agriculture Minister Radha Mohan Singh and Principal Secretary to PMO Nripendra Mishra and secretaries to various govement departments.

  The country is expected to import 14..5 per cent.India is the largest importer of edible oil in the world, with inward shipments rising by an average 12 per cent a year. Earlier this month, the farm ministry has proposed 25 per cent import duty on refined palm oil and 10 per cent on crude palm oil, the source said.Although no decision was taken by the inter-ministerial group (IMG), sources said, a cabinet secretary-led panel comprising secretaries from the ministries of finance, commerce, food and consumer affairs, will meet to chalk out the strategy on how to manage the edible oil prices. The cabinet secretary-led panel will first chalk out a strategy and then the IMG will meet again to take a decision," said a source, who did not wish to be named because of the sensitivity of the matter. It is the third largest imported commodity after crude and gold.

  02 per litre in Mumbai.Since the implementation of the policy of monthly increases of Rs 2 from July last year, subsidised LPG rates have gone up by over Rs 68 per cylinder.There are as many as 18.50 per bottle..Every household is entitled to 12 cylinders of 14.Today’s hike in the LPG price is fourth since the May 30 order of the oil ministry to raise rates by Rs 4 per cylinder every month. Rates were at the last revision cut by Rs 40. These include 2.3 per cent increase effected from August 1. Kerosene was on July 1, 2016, priced at Rs 15. State-owned oil firms revise rates of LPG and ATF on 1st of every month based on average oil price and foreign exchange rate in the previous month.The govement is adopting the same policy as in LPG for eliminating subsidy on kerosene.2-kg LPG cylinder now costs Rs 487.18 in Delhi as against Rs 479. ATF, or jet fuel, now costs Rs 50,020 per kilolitre, Rs 1,910 more than Rs 48,110 previously.18 in June 2016. Also, price of kerosene sold through public distribution system (PDS) was hiked by about 25 paise per litre.66 crore users of non-subsidised cooking gas.A subsidised 14. A 14.27 per litre in Mumbai compared to Rs 22 previously.11 crore customers of subsidised LPG in the country.31 per cylinder on the previous due date on August 1 and the oil companies have effected a larger hike to equalise that, sources said.

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