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Tag: cooking oil and ghee price in pakistan

cooking oil and banaspati ghee price in pakistan today

Ghee, Cooking Oil Prices in Pakistan December 2023

Ghee, Cooking Oil Prices in Pakistan

There is major drop in ghee and cooking oil prices in Pakistan. The country’s Bureau of Statistics reported that Pakistan’s inflation increased further on a year-on-year basis in the first week of December 2023. But the government has reduced the prices of cooking oil and given relief to the people due to inflation.

Utility Stores has announced a significant reduction in the prices of branded ghee and cooking oil at all outlets in Pakistan.

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A spokesperson of a government agency said that the price of ghee has been reduced from Rs 500 to Rs 482 per kg, while the price of cooking oil has also been reduced by Rs 50 per kg.

All top brands have seen a price cut and the popular cooking oil will be available at Rs 470 per litre, down from Rs 520 per litre, spokespeople said. Additionally, the price of another brand of oil saw a drop of Rs 37. The new price is Rs 518 per liter and it was earlier selling at Rs 555 per litre.

It should be noted that new prices have been implemented at all stores. The spokesperson of Utility Stores Corporation further said that the government is trying to further reduce the prices of various other items as people are paying higher prices during inflation.

 

cooking oil and banaspati ghee price in pakistan today

Banaspati Ghee and Cooking Oil Prices Have Been Reduced In Pakistan

Ghee and Oil Prices in Pakistan

The caretaker government has slashed of all brands of banaspati ghee and oil prices at utility stores of Pakistan, to provide relief to inflation-weary people who are paying record high prices for food and fuel.

In a major development, the price of popular ghee brands has been reduced by Rs 60 to Rs 394 per kg. Earlier, ghee was available at Rs 455, with prices of lesser-known brands hovering at record highs.

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Similarly, the prices of cooking oil have also been reduced despite the high inflation in the crisis-hit country.

Pakistan Bureau of Statistics (PBS) reported on Monday that consumer price index (CPI) inflation rose to 31.4 percent during September 2023 compared to the same month last year.

According to the PBS data, the inflation increased to 27.4 percent during the last month (August) while it was recorded at 23.2 percent during September 2022.

On a month-on-month basis, inflation rose to 2.0 percent in September 2023 from 1.7 percent in the previous month and declined to 1.2 percent in September 2022.

1kg Ghee Price In Pakistan

After the reduction in ghee prices, the 1kg ghee price in Pakistan has been fixed at Rs. 394 per kg.

cooking oil and banaspati ghee price in pakistan today

Government Reduced Ghee And Cooking Oil Prices

Ghee And Cooking Oil Prices

The federal government has announced a reduction in branded ghee and cooking oil prices at utility stores Pakistan.

This reduction will be from 37 to 60 rupees per kg of ghee and oil respectively. It is worth mentioning here that the announcement of reduction in ghee and cooking oil prices came after the drop in the value of the US dollar for the third consecutive day in the interbank and open market.

Also read this: Govt Has Reduced The Prices Of Ghee And Cooking Oil In Pakistan

It is said to be a sigh of relief for the inflation-stricken public who are suffering from skyrocketing prices. This adjustment is expected to provide relief to consumers who depend on cooking oil for their daily food needs.

Public got relief from inflation, Utility Stores Corporation Pakistan officials issued a notification to reduce the prices of branded ghee and oil. The price of branded ghee has been reduced by Rs. 37 to Rs. 59 per litre.

Although Finance Minister Ishaq Dar has said that people should be patient and Pakistan’s economy will recover in the near future.