Ghee, oil prices will rise to Rs18 per kg

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Karachi

Pakistan Vanaspati Manufacturers Association has said the price of ghee and cooking oil will jump up to Rs18 per kilogram/litre from July 1 due to the recent budget measures.

In a statement on Sunday, PVMA Chairman Abdul Waheed said that prices of different brands will jump from Rs13 to Rs18 depending on their respective retail prices in the market.

He said that local currency has lost Rs5 against US dollar while taxes to the tune of Rs18 per kg have been imposed in the budget; therefore, there will be no price reduction in the near future.

He said that the government is getting almost Rs90 in the form of taxes on per kilogram/litre of ghee and cooking oil which are highest in the region.—TLTP

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