This dose of inflation is a big blow, because already the Pakistani people are already facing a severe economic crisis. government Utility Stores Corporation (USC) has confirmed the increase in the prices of oil and ghee.

Inflation is breaking records in pakistan, which is facing economic crisis. Amidst rising prices, the government of pakistan on wednesday gave another blow to the people of the country. The price of vegetable ghee and edible oil was increased by Rs 208 and Rs 213.

This dose of inflation is a big blow, because already the Pakistani people are already facing a severe economic crisis. government Utility Stores Corporation (USC) has confirmed the increase in the prices of oil and ghee. Now the price of oil will be Rs 555 per kg and that of vegetable ghee will be Rs 605 per liter.

The USC issued a notification on june 1 of a huge increase in the prices of ghee and cooking oil. Pakistani newspaper Dawn gave this information to a corporation official. However, no specific reason has been given for the increase in price. Umar islam Khan, general secretary of the pakistan Vegetable Manufacturers Association, has said that the retail prices of ghee and edible oil will soon be fixed by USC as per the rates.

Utility Stores Corporation owes Rs 2 billion

Umar Khan told that Pakistani edible oil and vegetable ghee manufacturers have stopped supplying them to the corporation, because we have got dues of 2-3 billion rupees on it. Regarding the supply of palm oil from indonesia to pakistan, Omar islam said that the task force constituted by the Prime Minister, consisting of officials of the concerned ministries and officials of the PVMA, is holding daily Zoom meetings to review the situation.

The devaluation of the pakistan rupee added to the difficulties.

According to Dawn, indonesia has lifted the ban on palm oil exports on 23 May, but despite this, not a single ship has left pakistan with oil from there. He said that palm oil rates in indonesia have come down to $ 1700 per tonne from 1900 to 2000 per tonne two months ago, but the Pakistani rupee has devalued so much that due to this the import cost has increased further.