ISLAMABAD (Kashmir English): The prices of ghee and cooking oil in Pakistan will rise by as much as Rs150 per kilogram because of increasing production costs.
The Pakistan Vanaspati Manufacturers Association (PVMA) announced that the upcoming price increase would range from Rs100 to Rs150 per kilogram.
A PVMA adviser explained that ghee mills now face increased operational costs because of the recent petroleum price hike. Manufacturers are unable to maintain their existing price levels because both transportation costs and production expenses have increased at a fast rate.
The association has urged the government to immediately form a committee to explore measures aimed at controlling prices and providing relief to consumers.
Industry representatives warn that without timely intervention, the expected increase could further burden households already facing inflationary pressures.
Kerosene Oil Prices Increased
Earlier, the government increased the price of kerosene oil by Rs 34.8 per liter, according to a notification issued on Thursday.
As per the notification, the price of kerosene oil has been fixed at Rs 467.48 per liter, whereas the price was Rs 433.40 per liter. The notification further said that the new price has been implemented with effect from today.
The price of kerosene oil has been increased in the country in the wake of the government’s periodic revision in the price of petroleum products in the country, in line with the market trends.
New Petrol Prices
The federal government has announced a massive increase in the rates of petroleum products, bringing the petrol price to Rs458.40 per litre, the highest-ever in history.
Federal Minister for Petroleum Ali Pervaiz Malik made this announcement during a press conference alongside Finance Minister Muhammad Aurangzeb.
The Petroleum Minister said that the government has hiked petroleum products prices due to the ongoing Middle East conflict and rising global energy costs.
Addressing a press conference, Malik said the price of petrol was being hiked to Rs458.40 per litre and that of high-speed diesel to Rs520.35 per litre.
“The new petrol price has been fixed at Rs458.40 per litre, marking a rise of Rs137.23 per litre. Diesel will now cost Rs520.35 per litre, up by Rs184.49 per litre,” the minister said.
