Wednesday, February 1, 2023

Cooking oil and ghee Prices risen by Rs20-25: Fareed Qureshi 

Fareed Qureshi, the chairman of the Karachi Retailers Grocers Group, announced on Friday that the prices of cooking oil and ghee had been raised from Rs20 to Rs25.

He claimed that despite Prime Minister Imran Khan’s announcement to lower the costs of petroleum items, the cooking oil and ghee companies refused to budge, and instead of lowering the prices, they increased them.

“There is no one in charge of regulating them. They have the ability to raise the pricing whenever they choose. ‘The commissioner of Karachi and the deputy commissioner should issue orders to keep the pricing under control, he insisted.

He claimed that the price of Dalda cooking oil and ghee had increased to Rs470 a litre and Rs460 a kilogram, respectively. “The price of Soya Supreme ghee/oil has increased to Rs450 per kilogram. The price of Meezan ghee and oil has increased to Rs440 per kilo and Rs450 per litre, respectively. According to him, unbranded open oil is being sold for Rs420 per litre.

The chairman of the Karachi Retailers Grocers Group stated that there was no system in place to prevent the enterprises from boosting their pricing in accordance with their wants.

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Earlier this month, in response to the government’s reduction in petrol and electricity prices, former Pakistan Muslim League-N leader and former finance minister Miftah Ismail lashed out at the government, accusing it of playing with the nation’s emotions by first raising prices dramatically and then lowering some of them.

Miftah Ismail said in a tweet that the Pakistan Tehreek e Insaf (PTI) never had money to provide relief to the people of Pakistan. He had previously stated, however, that the party had found a means to save Prime Minister Imran Khan’s position.

“Just a few days ago, the government increased the price of petrol by Rs12 and the price of electricity by Rs6. The government has reduced the pricing of some items by Rs10 and Rs5 as of today. “Has the economy changed in the previous several days, or has the political situation?” he had questioned.

On February 28, Prime Minister Imran Khan announced a surprise reduction in the price of gasoline by Rs10 per litre and a reduction in the price of electricity by Rs5 per unit in his speech to the nation.

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