MUMBAI — India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.
The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay.
India is the world’s biggest importer of edible oils and silver and the second-biggest consumer of gold.
Commodity New price in $ – Old price in $
Crude palm oil 937 – 996
RBD palm oil 982 – 1,019
RBD palmolein 998 – 1,035
Crude soya oil 1,257 – 1,362
Gold 533 – 549
Silver 608 – 635
Base prices for all commodities are in $ per tonne, except for gold and silver. The gold tariff is in $ per 10 grams and silver in $ per kg.
- Finance ministry slashes fuel import tariffs
- Consumers, retailers to benefit from market-based gas prices
- HCM City hosts Palm Oil Trade Fair and Seminar
- Quicker response needed to falling price of oil
- Vietnam mulls cut in fuel prices as oil remains below $70
- Oil, Gold, Food, Construction Material Prices Escalate
- India to hold biggest auction of oil and gas blocks
- Vietnam scraps import tax as oil hovers above $65
- Palm products to boost Malaysia-RoK trade
- North and Central Asia: Robust export growth, but outpaced by imports
- Vietnam's gold demand to fall as govt curbs bite: consultancy GFMS
- No price cuts in store, despite sagging sales
- Singapore braces for worst 'haze' as Indonesia fails to halt slash-and-burn clearances
- Vietnam gold rises over news of export approval for banks
- VN firms urge trade remedies for cooking oil
- Consumers urged to monitor local market prices
- Export prices down, but exporters told not to slash purchase prices
- Vietnam's edible oil market holds much promise
- Domestic petrol price stays same despite world’s fall
- Gold plunge caution
India slashes base import price of palm oil, gold have 281 words, post on tuoitrenews.vn at October 3, 2022. This is cached page on Talk Vietnam. If you want remove this page, please contact us.