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Ghee, cooking oil prices see big drop in Pakistan

Ghee, cooking oil prices see big drop in Pakistan

Ghee, cooking oil prices see big drop in Pakistan

Ghee, cooking oil prices see big drop in Pakistan

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Good news for inflation-weary consumers: the prices of ghee and cooking oil have decreased further. According to the dealers association, the prices of A brand and B brand oil and ghee have dropped by Rs 70 to 75 over the past month.

A brand oil has become cheaper by Rs 75 per liter, now costing Rs 525, while A brand ghee has reduced by Rs 25, also priced at Rs 525. Similarly, B brand ghee and oil are now selling at Rs 380 per liter after a Rs 70 decrease.

On another positive note, rice exports from Pakistan have seen a significant increase.

According to data from the State Bank, the export of rice from July to March 2024 reached $2.690 billion, marking a 76.57% increase compared to the same period in the previous financial year. Last year, rice exports earned $1.522 billion in the same timeframe.

In March alone, the export volume was $355.44 million, compared to $374.23 million in February and $200.84 million in March of the previous year. In the financial year 2023, Pakistan earned $2.10 billion from rice exports.

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The first nine months of the current financial year saw basmati rice exports valued at $631.33 million, a 45% increase from $435.53 million in the same period last year.

Non-basmati rice exports also surged, reaching $2.058 billion, an 89.37% increase from the previous year’s $1.087 billion.

These trends indicate positive developments in both consumer prices for essential goods and the country’s export performance.

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