Consumer and Retail
Biscuits, ghee and hair oil to get cheaper after government duty cut — but after three months
25 May 2022
According to the analysts Business Insider spoke with, the
current relaxations are going to bring down the cost of goods like — cooking
oils, food items and even cosmetics. FMCG companies will have to pay much less
for their raw material like sunflower and palm oil which goes into these
products.
The benefits of this reduction will be accrued
in the next three months, Suman Jagdev, partner at Praxis Global Alliance told
Business Insider India. He noted that the companies importing these edible oils
will have to pay less, and the perk would be transferred to customers.
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