Key facts
- India's edible oil imports rose by 6.7% in May.
- Total edible oil imports in May reached 13.39 lakh tonnes.
- Higher shipments of crude soyabean oil drove the increase in edible oil imports.
- Government tariff adjustments on palm oil supported vegetable oil imports.
- Domestic LPG prices increased by Rs 29 per 14.2-kg cylinder.
- The new price for a 14.2-kg LPG cylinder in Delhi is Rs 942.
- This is the second LPG price hike since the US-Iran conflict began.
- Estimated LPG supply costs are now between Rs 1,600-1,700.
India experienced a notable increase in edible oil imports during May, with shipments rising by 6.7% to reach 13.39 lakh tonnes. This growth was largely propelled by a surge in the import of crude soyabean oil. Additionally, overall vegetable oil imports, which encompass both edible and non-edible varieties, also saw an upward trend. This broader increase in vegetable oil imports was facilitated by recent government tariff adjustments specifically targeting palm oil.