KARACHI: The government has increased the prices of ghee and cooking oil by an unprecedented Rs208 and Rs213 respectively.
The prices of various brands of cooking oil and ghee have witnessed a sharp increase after the recent increase in fuel prices. A notification has been issued and the new prices will be effective from June 1.
After the massive increase, the price has reached an all-time high of Rs555 per kg for ghee and Rs605 per litre for cooking oil.
The price of the quality cooking oil brands of five-litre tin has also jumped from Rs 2,105 to Rs2,655 while prices of other cooking oil brands also jacked up amid soaring inflation.
The maximum rate of ghee and cooking of renowned brands in the retail markets still hovers between Rs540-560 per kg/litre.
Pakistan Vanaspati Manufacturers Association (PVMA) Secretary-General Umer Islam Khan has hinted that the retail rates of ghee and cooking oil would soon come on a par with USC prices.
Prices of several kitchen items have sharply increased after an unprecedented increase in petroleum prices in the local market.
The prices of chicken meat, vegetables, fresh milk, yogurt, sugar, flour, grocery and confectionery items, and other non-essential items have also spiked.
