Oil, ghee prices up in Pakistan

The price of top-quality ghee and oil has risen by up to Rs60 per kilogram in Pakistan.

As per information from market sources, the retail price of top-quality oil and ghee has increased from 505 rupees to 559 rupees per kilogram.

The cost of second-grade ghee has increased from 440 rupees to 500 rupees, with some regions reporting prices as high as 525 to 530 rupees.

The price of second-grade oil has gone up from 452 rupees per liter to 512 rupees.

In select retail stores, you can now find it priced between 530 and 540 rupees per liter.

Recently, the Utility Stores Corporation (USC) lowered the prices of sugar nationwide last Thursday.

The Utility Stores Corporation has decided to decrease the price of sugar by 13 rupees per kilogram, making the updated price 140 rupees per kilogram starting from now.

In the past, sugar was priced at 153 rupees per kilogram at the Utility Stores.

The corporation kindly asked sugar mills to adjust the sugar price downwards, prompting the sugar mill owners to gracefully agree to reduce it by 17 rupees per kilogram.

Upon receiving the rebate from the mills, the Utility Stores Corporation proceeded to pass on the savings to consumers.

The Utility Stores acquired 12,000 metric tons of sugar at a rate of 137 rupees per kilogram.

Nevertheless, following the inclusion of extra expenses, the company ultimately disbursed approximately 152 rupees for each kilogram of sugar.