Cooking oil and ghee prices in Pakistan
The latest inflation data from the Bureau of Statistics shows a significant decline, with branded vegetable ghee prices rising by Rs 3.50 per kilogram. Banaspati ghee decreased to Rs 502.90 per kilogram, while cooking oil rose slightly to Rs 508.09 per liter. Prices of 15 commodities decreased, while essentials like potatoes and dry milk saw increases. Notably, tomatoes, onions, and live chicken prices dropped, along with flour and domestic cylinder prices.
In a notable turn of events, the latest weekly inflation data released by the Bureau of Statistics has shown a significant decline in inflation rates. Additionally, branded vegetable ghee surged by three and a half rupees per kilogram. According to statistics, the average price of 1 kilogram of banaspati ghee was recorded at Rs 502.90, which is 0.53% lower compared to March. In April, the average price of 1 kilogram of banaspati ghee was recorded at Rs 505.53.
In April, the average price of 1 liter of cooking oil was recorded at Rs 508.09, which is slightly higher compared to April, when it was Rs 504.03.
The report further details that while 15 commodity prices experienced a decrease, 10 commodities saw stable prices over the week. However, certain essentials experienced price hikes.
For instance, the price of potatoes per kilogram increased by Rs 1.40, while dry milk (390 grams) became more expensive by Rs 10.39. The price increments extended to basic food items as well, with dal mash rising by Rs 4 per kilogram and sugar by 87 paise per kilogram.
Jaggery and moong dal also saw price hikes of Rs 1.21 and 52 paise per kilogram, respectively. Similarly, the prices of meat, including goat meat and beef, witnessed increases.
On the flip side, there were notable decreases in the prices of certain items, including tomatoes and onions, which saw declines of Rs 24 and Rs 29 per kilogram, respectively. Live chicken prices also saw a significant drop of Rs 60 per kilogram.
Moreover, the report indicates that the price of a 20-kilogram bag of flour decreased by Rs 114, while domestic cylinder prices saw a substantial reduction of Rs 134.83.
Source Link : https://www.bolnews.com/business/2024/04/cooking-oil-and-ghee-prices-in-pakistan-2/
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