Tag: Consumer news

  • Govt may cut petrol price by more than Rs10 per litre

    Govt may cut petrol price by more than Rs10 per litre

    The government is poised to provide significant relief by potentially reducing petrol and diesel prices by Rs13 and Rs15 per litre, respectively, in the upcoming fortnightly pricing update.

    This anticipated reduction is attributed to a noteworthy downturn in international petroleum and diesel prices over the past fortnight.

    The stability of the local currency at a weighted average of approximately PKR 284.33 per USD further contributes to this potential relief. 

    Current estimates as of December 2008 reveal a global decline in petrol and diesel prices by 5.44 per cent and 5.6 per cent, reaching $94.95 and $100.05 per barrel, respectively.

    As the next pricing update is still a week away, the future trajectory of these prices hinges on global market movements and exchange rate fluctuations. 

    Notably, in the preceding fortnight, the government maintained the petrol price at Rs281.34 while reducing the HSD price by Rs7 to Rs289.71 per litre.

  • Price of 10kg flour bag reaches nearly Rs1,500 

    Price of 10kg flour bag reaches nearly Rs1,500 

    The price of ‘chakki’ flour has recently experienced an increase of Rs10 to Rs12 per kilogramme in Hyderabad, the second-largest city in the province of Sindh.  

    Consequently, the price of a 10-kg sack of flour has risen from Rs1,350 to Rs1,470.  

    In an official statement, ‘chakki’ owners explained that the surge in prices is attributed to the increased cost of wheat. They clarified that the price of a 100-kg sack of wheat has escalated by Rs3,000, elevating it from Rs8,500 to Rs11,500.  

    According to their assertions, the prevailing market rate for a 100-kg sack of wheat is Rs12,000.  

    Earlier this month in Karachi, the retail price of flour was established at Rs127 per kilogramme following successful negotiations between Karachi Commissioner Salim Rajput and the flour mills association.  

    During the discussions, the association agreed to retail the flour at Rs127 and wholesale it at Rs120 per kilogramme in the city.  

    Furthermore, the wholesale market prices were set at Rs130 per kilogramme for fine flour and Rs134 per kilogramme for retail.  

    Meanwhile, there has been a noticeable increase in prices for sugar, flour, and other essential commodities at utility stores nationwide.   

    The reported prices reveal that sugar is priced at Rs155 in utility stores, compared to Rs142.54 in the open market, representing a Rs12.46 disparity.  

    Similarly, a 20-kg bag of flour is priced at Rs2,840 in utility stores, with an open market price of Rs2,706.32, reflecting a Rs133.68 difference.