U.S. oil stockpiles rose across the board last week as crude imports grew and exports dipped and as gasoline and distillate demand weakened, the Energy Information Administration (EIA) said on Wednesday.

"Now we have decided that soybean or any other edible oil will attract an import duty of 20 percent, and with additional cess, it will be around 27.5 per cent," Chouhan told reporters.

India's edible oil consumption is set to grow at a pace of 2%-3% as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday. New Delhi on Friday raised the basic import tax on crude and refined edible oils by 20 percentage points to help protect farmers reeling from lower oilseed prices.