Pakistan: Big blow to Pakistani people facing an economic crisis, public suffering due to increased oil and ghee prices


Posted on 1st Jun 2022 01:46 pm by rohit kumar

Even after the change of power in Pakistan, inflation is not taking the name of decreasing. Rising inflation has loosened the pockets of the citizens of Pakistan. Meanwhile, on Wednesday, the Government of Pakistan has given a big blow to the citizens. Ghee and cooking oil rates have been increased by Rs 208 and Rs 213 in Pakistan from Wednesday. This announcement has been made at a time when the country is going through an economic crisis for the last several years.

 

Ghee-oil became expensive

 

Confirming this, an official of the Utility Stores Corporation (USC) said that the price of edible oil and ghee is at an all-time high of Rs 555 per kg and Rs 605 per liter. Which was earlier Rs 540-560 per kg. Pakistani newspaper Dawn quoted a USC official as saying that the USC had issued a notification of a huge jump in the prices of ghee and cooking oil from June 1. However, the reason for the increase was not mentioned.

 

According to the report,

 

According to Dawn's report, Pakistan Vegetable Manufacturers Association (PVMA) general secretary Umar Islam Khan was quoted as saying that the retail rates of ghee and cooking oil will soon come down to USC prices. He said manufacturers of cooking oil and ghee have stopped giving products on credit to USC, as the corporation has not cleared the dues of Rs 2-3 billion to the manufacturers.

 

The growing problem of Pakistani people

 

Speaking about the supply of palm oil from Indonesia to Pakistan, Omar Islam said that the Prime Minister's Task Force Committee has been constituted on the supply of palm oil. Which officials of the concerned ministries and office bearers of PVMA are involved and daily meetings are also being held to analyze the supply situation. He said shipments booked at higher rates and massive rupee depreciation have pushed up the landing cost. Due to this, the rates of ghee and cooking oil have come down from US$ 1,900-2,000 per tonne to US$ 1,700, despite a fall in the rate of Indonesian palm oil.

 

The PVMA, in its circular dated May 27, had informed its members to pay transportation charges for their consignment of edible oil to NLCs/private tankers. Which had gone up by only 22.50 percent to Rs 174.67 per liter after a jump of Rs 30 in diesel.

 

Also Read: The situation worsened in Pakistan, people of the country struggling with water shortages amid scorching heat

1 Like 0 Dislike
Previous news Next news
Other news

IND vs IRE: There was a ruckus about the New York pitch, former cricketers slammed the ICC; and said - it is dangerous for the players

The International Cricket Council (ICC) always talks about sporting pitches, but except for two m

Aamir Khan's reaction came on official entry in Oscars 2025 of Laapataa Ladies, X Wife revealed

It is a time of happiness for Aamir Khan and Kiran Rao, as his film Missing Ladies (Laapataa Ladi

Grandmother files FIR for custody of Atul Subhash's son, SC issues notice to 3 states for recovery of child.

Pawan Modi, father of deceased engineer Atul Subhash, said on Monday that he will also file a cas

Delhi Drug Case: Congress connection of the mastermind of 5600 crore cocaine case, big revelations made during police interrogation

In a major development in the International Drug Syndicate on Wednesday, the Delhi Police said th

AICC President Election: Civil war in Congress for telling Rahul to Ram, Laxman said – Chamchagiri records broken

The counting of votes for the post of National President of All India Congress will take place to

Mirzapur 3: 'Mirzapur 3' will be spicier than the last two seasons, Ali Fazal told the features of the third season

The audience is eagerly waiting for the web series 'Mirzapur 3'. Be it Kaalin Bhaiya (Pankaj Trip

Akshara Singh Death Threat: 'If you don't give 50 lakhs in two days then...', after Shahrukh-Salman, now Bhojpuri actress Akshara Singh gets a death threat

After Salman Khan and Shahrukh Khan, now Bhojpuri actress Akshara Singh has received death threat

1140 people died due to floods in PAK so far: PM Modi expressed grief over the situation, India can send help soon

So far 1140 people have died due to floods and landslides in Pakistan. About 3 crore 30 lakh peop

Judiciary: President unveiled new flag and symbol for Supreme Court, said this on pending cases

President Draupadi Murmu on Sunday stressed the need to change the culture of dates in courts and

Afghanistan: Taliban issues decree on higher education, bans women from studying in universities

Admission of women to private and public universities in Afghanistan has been banned with immedia

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash