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- The Indian government lowered import duties on crude and refined soybean, palm, and sunflower oils.
- Crude sunflower oil duty was reduced to zero, while others saw varying cuts of five to ten percent.
- These measures aim to lower costs during the festival season when demand for cooking oil increases in food services and households.
- The ultimate impact on retail prices depends on international market fluctuations, currency exchange rates, and existing inventory levels.
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