Cooking oil & ghee prices drop in Pakistan

As Pakistan experiences a year-on-year hike in inflation during the first week of December 2023, the government has taken steps to alleviate the burden on its citizens by reducing the prices of essential cooking oils.

According to the country’s statistics bureau, inflation has increased, prompting the authorities to address the impact on the public.

Utility Stores, a state-owned enterprise, recently announced a significant reduction in the prices of branded ghee and cooking oil across all outlets in Pakistan.

The spokesperson for the enterprise stated that the price of ghee has been lowered to Rs482 per kg, down from the previous rate of Rs500. Additionally, the price of cooking oil has witnessed a decrease of up to Rs 50 per kg.

The spokesperson highlighted that these price adjustments apply to all top brands, with the popular cooking oil now available at Rs470 per liter, a notable reduction from the previous price of Rs520 per liter.

Another brand of oil has seen a price drop of Rs37, with the new price set at Rs518 per liter, down from Rs555 per liter.

These revised prices have been implemented across all stores affiliated with Utility Stores.

The spokesperson further indicated that the government is actively exploring additional price reductions on various other commodities. This move is aimed at easing the financial burden on the public, which is grappling with higher prices in the face of inflation.

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