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Govt mulls withdrawal of import duty on used cooking oil

Imported fried oil is used in making bio-diesel. It is cheaper than petroleum diesel by Rs.3-4 per litre, and withdrawal of import duty will bring down its price down further by Rs.6-7 per litre, says Union Transport Minister Nitin Gadkari

The Dollar Business Bureau

Govt mulls withdrawal of import duty on used cooking oil

In August last year, the Ministry of Petroleum and Natural Gas had allowed marketing of high-speed diesel blended with bio-diesel from select retail outlets in New Delhi, Vishakhapatnam, Haldia and Vijayawada

 

 

In order to promote the use of bio-diesel and check pollution, the government is mulling Withdrawal of Import duties on used Cooking Oil, which is used as cheap fuel for transportation.

“I have requested the Commerce and Industry Minister Nirmala Sitharaman to withdraw duties on import of Fried Oil which is...

The post Govt Mulls Withdrawal of import duty on used cooking oil appeared first on The Dollar Business.



This post first appeared on TheDollarBusiness | Foreign Trade Magazine On Expo, please read the originial post: here

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Govt mulls withdrawal of import duty on used cooking oil

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