Govt shocks consumers with Rs213 per litre hike in cooking oil prices

On Tuesday, the government of Pakistan shocked consumers by increasing ghee and cooking oil rates by an unprecedented Rs208 and Rs213 to an all-time high of Rs555 per kg and Rs605 per litre, respectively, even though “these rates still do not exist in the retail markets.”

An official in the Utility Stores Corporation (USC) in Karachi confirmed to Dawn that the USC had issued a notification of this whooping jump in ghee and cooking oil rates effective June 1.

The official, however, did not comment as to why the rates had been jacked up so mercilessly which would hit the consumers badly.

The maximum rate of ghee and cooking of renowned brands in the retail markets still hovers between Rs540-560 per kg/litre.