Ghee price shoots up Rs38 to Rs399/kg in open market Transporters increase fares from Rs100 to Rs200

Observer Report

After Utility Stores, the price of ghee has been in-creased by Rs 38 to Rs399 per kilogram from its previous price of Rs361 per kg in the open market on Saturday.

A wave of inflation has gripped the country follow-ing considerable rise in prices of petroleum products and electricity tariff.

The prices of food items, have also gone up at the open market after utility stores increases prices of various products.

Second grade ghee has been increased by Rs5 per kg to Rs330 per kg, while cooking oil was increased by Rs15 per liter to Rs340 per liter.

Earlier, according to the weekly report released by the Pakistan Bureau of Statistics, inflation in the country has increased by 12.66 per cent, while the rate of inflation was recorded at 0.2 per cent last week, resulting in skyrocketing prices of tomatoes, potatoes, ghee.

A domestic cylinder of LPG witnessed a price hike of Rs 43.96 per kg, ghee prices were increased by Rs 2.99 per kg, while and mutton prices rose by Rs 4.58 per kg.

Meanwhile, prices of various items at utility stores have also skyrocketed, with the price of cooking oil reaching Rs110 per litre after an increase of Rs 14.

Following the increase in petroleum products’ prices, public transporters have jacked up the fares for all intercity routes. All transport operators have increased their fares for various cities from Lahore by Rs100 to Rs200.

The fare of Rawalpindi has been increased from Rs 1,250 to Rs 1,350, to Murree has been increased from Rs 1,600 to Rs 1,700, while fare to Peshawar has been increased from Rs 1,500 to Rs 1,600.

On the other hand, the fare of Multan has been in-creased from Rs1150 to Rs1250, the fare of Sahiwal has been increase Rs1500.

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