Tag: cooking oil

  • Over Rs6.4 billion allocated for Ramzan subsidies: Essential items to be available at reduced rates

    Over Rs6.4 billion allocated for Ramzan subsidies: Essential items to be available at reduced rates

    The government has earmarked Rs6.484 billion to provide essential food items at subsidised rates through the Utility Stores Corporation (USC) during the holy month of Ramzan.

    A substantial portion of the allocation, Rs3.474 billion, will go towards subsidising flour, followed by Rs1.610 billion for sugar and Rs1.4 billion for ghee.

    Additionally, subsidies of Rs25 million for channa daal, Rs12 million for masoor daal, Rs37.50 million for white gramme, and Rs62.5 million for basmati rice are planned. Further, Rs20 million and Rs62.5 million are allocated for Sehlla rice and broken rice, respectively.

    The implementation of the Ramzan relief package is set to commence on March 4th.

    Further breakdown reveals Rs200 million for cooking oil, Rs20 million for washed moong daal, Rs6.25 million for washed maash daal, Rs100 million for chakki baisen, Rs50 million for dates, Rs22.50 million for carbonated drinks (1,500 ml), Rs30 million for squash and syrup (800 ml), Rs150 million for black tea, Rs15 million for UHT milk, and Rs50 million for spices.

    Moreover, an allocation of Rs145 million is designated for an awareness campaign through electronic and print media regarding the Ramzan Package, set to kick off on March 4th, 2024.

    The Economic Coordination Committee (ECC) has greenlit the Ministry of Industries and Production’s proposal for a Rs7.492 billion Ramzan Relief Package. This package aims to provide 19 essential items at subsidised rates through the USC.

    In response to IMF restrictions on untargeted subsidies, the government has opted to provide subsidies exclusively to beneficiaries registered under the PMT-40 of the Benazir Income Support Programme (BISP) for the fiscal year 2023–24.

  • Pakistan’s weekly inflation reaches record high of 48.35%

    Pakistan’s weekly inflation reaches record high of 48.35%

    According to data from the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) has risen by 1.05 per cent to reach a record high of 48.35 per cent year-on-year for the week ending May 4. The SPI for the aforementioned week was recorded at 254.84 points, compared to 252.2 points the previous week.

    Of the 51 monitored items, 30 items experienced an increase in average price, while 9 items decreased, and 12 items remained unchanged during the week.

    The items that experienced an increase in average prices on a week-on-week (WoW) basis were chicken (8.91 per cent), potatoes (3.99 per cent), powdered milk (3.81 per cent), pulse gram (1.96 per cent), pulse masoor (1.83 per cent), eggs (1.81 per cent), mutton (1.71 per cent), pulse mash (1.58 per cent), cooked daal (1.36 per cent), and bread (1.13 per cent). The non-food items that saw an increase were gents sponge chappal (58.05 per cent), gents sandal (33.36 per cent), ladies sandal (14.31 per cent), and washing soap (1.27 per cent).

    On the other hand, a decline was seen in the prices of onions (16.69 per cent), garlic (3.44 per cent), tomatoes (3.41 per cent), diesel (1.70 per cent), mustard oil (0.99 per cent), LPG (0.96 per cent), cooking oil 5 litre (0.40 per cent), and vegetable ghee 2.5kg & 1kg (0.10 per cent each).

    Monitored Items Average Price Increase/Decrease
    Chicken +8.91%
    Potatoes +3.99%
    Powdered Milk +3.81%
    Pulse Gram +1.96%
    Pulse Masoor +1.83%
    Eggs +1.81%
    Mutton +1.71%
    Pulse Mash +1.58%
    Cooked Daal +1.36%
    Bread +1.13%
    Onions -16.69%
    Garlic -3.44%
    Tomatoes -3.41%
    Diesel -1.70%
    Mustard Oil -0.99%
    LPG -0.96%
    Cooking Oil 5L -0.40%
    Vegetable Ghee 2.5kg -0.10%
    Vegetable Ghee 1kg -0.10%
  • Weekly inflation increases more than 38% as prices of petrol and food items hit the roof

    Weekly inflation increases more than 38% as prices of petrol and food items hit the roof

    According to the latest data released by the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) based inflation for the week ended February 16, 2023, registered an increase of 2.89 per cent. The rise in inflation can be attributed to an increase in the prices of both food and non-food items.

    Food Items that saw an increase in prices

    The following food items saw a significant increase in prices during the week ended February 16, 2023:

    • Cooking oil 5 litre (8.65 per cent)
    • Vegetable ghee 1kg (8.02 per cent)
    • Bananas (8.01 per cent)
    • Chicken (7.49 per cent)
    • Vegetable ghee 2.5 kgs (6.76 per cent)

    Non-food items that saw an increase in prices

    The following non-food items saw an increase in prices during the week ended February 16, 2023:

    • Petrol (8.82 per cent)
    • Diesel (6.49 per cent)
    • Cigarettes (6.18 per cent)

    Year-on-Year Trend

    The year-on-year trend depicts an increase of 38.42 per cent mainly due to an increase in the prices of the following items:

    • Onions (433.44 per cent)
    • Chicken (101.86 per cent)
    • Diesel (81.36 per cent)
    • Eggs (81.22 per cent)
    • Rice irri-6/9 (74.12 per cent)
    • Rice basmati broken (73.05 per cent)
    • Petrol (69.87 per cent)
    • Moong (67.98 per cent)
    • Bananas (67.68 per cent)
    • Tea Lipton (63.89 per cent)
    • Pulse gram (56.93 per cent)
    • Bread (55.36 per cent)
    • Maash (53.42 per cent)
    • LPG (52.68 per cent)
    • Cigarettes (50.02 per cent)

    On the other hand, the prices of tomatoes (65.30 per cent), electricity for q1 (7.50 per cent), and chillies powdered (7.42 per cent) saw a decrease during the same period.

    SPI for the week under review

    The SPI for the week under review in the above-mentioned group was recorded at 234.77 points against 228.17 points registered in the previous week. Out of 51 items, prices of 34 (66.67 per cent) items increased, 05 (9.80 per cent) items decreased and 12 (23.53 per cent) items remained stable.

    SPI for different consumption groups

    The SPI for the consumption group up to Rs17,732, Rs17,732-22,888, Rs22,889-29,517, Rs29,518-44,175 and above Rs44,175 consumption group increased by 2.45 per cent, 2.73 per cent, 2.79 per cent, 2.88 per cent, and 2.94 per cent, respectively.

    Items that recorded an increase in average prices

    The following items recorded an increase in their average prices during the week over previous:

    • Petrol super (8.82 per cent)
    • Cooking oil Dalda or other similar brand (sn), 5 litre tin each (8.65 per cent)
    • Vegetable ghee Dalda/Habib or other superior quality 1 kg pouch each (8.02 per cent)
    • Bananas (8.01 per cent)
    • Chicken (7.49 per cent)
    • Vegetable ghee Dalda/Habib 2.5 kg tin each (6.76 per cent)
    • Hi-speed diesel (6.49 per cent)
    • Cigarettes Capstan (6.18 per cent)
  • Weekly inflation jumps by over 29% due to rising food prices

    Weekly inflation jumps by over 29% due to rising food prices

    The Sensitive Price Indicator (SPI) based inflation for the week ended December 29, recorded a decline of 0.09 per cent due to a reduction in the prices of food and non-food items, according to the Pakistan Bureau of Statistics (PBS).

    The year-on-year trend shows an increase of 29.30 per cent owing to an increase in the prices of onions (498.08 per cent), tea lipton (65.41 per cent), diesel (65.05 per cent), chicken (64.20 per cent), petrol (52.19 per cent), salt powdered (51.99 per cent), eggs (49.11 per cent), pulse moong (46.94 per cent), bananas (45.06 per cent), pulse gram (44.42 per cent) and mustard oil (41.64 per cent), while decrease is observed in the prices of chillies powdered (34.18 per cent), electricity for q1 (13.96 per cent) and gur (1.38 per cent).

    During the week, out of 51 items, prices of 23 (45.10 per cent) items increased, 07 (13.72 per cent) items decreased and 21 (41.18 per cent) items remained stable.

    The SPI for the consumption group up to Rs17,732, Rs17,732-22,888, Rs22,889-29,517 and above Rs44,175 decreased by 0.07 per cent, 0.12 per cent, 0.03 per cent and 0.12 per cent respectively while it increased by 0.02 per cent for the consumption group Rs29,518-44,175.

    The items, which recorded an increase in their average prices during the week over previous include eggs (2.86 per cent), rice basmati broken (2.81 per cent), wheat flour bag 20 kg (2.81 per cent), bread plain (2.76 per cent), firewood whole 40 kg (2.49 per cent), LPG (1.61 per cent), energy saver (1.27 per cent), bananas (1.18 per cent), gur (0.99 per cent), garlic (0.90 per cent), pulse masoor (0.80 per cent), mustard oil (0.72 per cent), rice irri-6/9 (0.60 per cent), pulse mash (0.54 per cent), tea prepared (0.45 per cent), sufi washing soap (0.28 per cent), pulse gram (0.26 per cent), onions (0.25 per cent), curd (0.23 per cent), chicken (0.20 per cent), milk fresh (0.15 per cent), pulse moong (0.12 per cent) and beef with bone (0.02 per cent).

    The items, which saw a reduction in their average prices included potatoes (8.85 per cent), tomatoes (6.02 per cent), electricity charges (2.44 per cent), vegetable ghee dalda/habib (1.47 per cent), sugar (1.22 per cent), vegetable ghee dalda/habib or other superior quality 1 kg pouch each (0.45 per cent) and cooking oil dalda or other similar brand (sn), 5 litre tin each (0.04 per cent).

  • Edible oil and ghee prices may decrease soon: Miftah Ismail

    Edible oil and ghee prices may decrease soon: Miftah Ismail

    The price of edible oil and ghee has decreased, according to Finance Minister Miftah Ismail, who expressed hope that the reduced costs will result in a reduction of Rs100 to Rs150 in the price of edible oil in the local market.

    The finance minister expressed optimism about lower petroleum product prices in the near future while speaking at a press conference alongside Bilal Kayani, a member of the Ministry of Finance’s Privatization Committee.

    He claimed that because the price of crude on the international market had dropped to $100, Pakistan’s citizens would “benefit” from lower prices at the “right time.”

    Miftah noted that lower pricing will also result in lower import costs for Pakistan.

    The finance minister continued to criticise the Pakistan Tehreek-e-Insaf (PTI) administration, stating that the previous administration had left an economic minefield but that despite difficulties, the economy was now stabilising and foreign exchange reserves were increasing.

    Imran’s administration left behind a “record trade deficit,” Miftah continued. The finance minister explained the $6 billion loan package for Pakistan from the International Monetary Fund (IMF) and expressed optimism that any outstanding concerns will be handled quickly so that the nation may get the next instalment.

    Additionally, he stated that because wheat prices were stabilising on the global market and that tenders will soon be opened, flour prices would decrease on the local market.

    Due to the fact that Russia and Ukraine are two of the world’s top producers of wheat, wheat prices reached historic highs at the commencement of the Russo-Ukrainian War in February of this year.

    The country’s persistent power shortage was also brought up by the finance minister, who noted that current generation levels are below the necessary 30,000, but expressed optimism that the problem would be resolved in the upcoming weeks.

    He claimed that the PTI government failed to release LNG tenders in a timely manner, which is why there is currently a shortage of liquified gas, and blamed the Imran-led government for the power problem.

    Major LNG producers throughout the world are now supplying Europe with LNG as a result of the continent’s reduction in its reliance on Russian gas, and fuel is in short supply for other consumers.

    The government is vigorously supporting the use of solar energy, Miftah continued, and a nuclear power plant will soon be put into operation.

  • Punjab Food Authority seizes thousands of liters of unhygienic cooking oil

    Punjab Food Authority seizes thousands of liters of unhygienic cooking oil

    The Punjab Food Authority (PFA) filed an FIR against the factory owner after seizing 1,900 liters of inferior and unhygienic cooking oil.

    An estimated 1,900 liters of subpar cooking oil made from animal fats and intestines were seized during a PFA team raid on the Rawat oil facility in the Potohar Town neighbourhood, according to the PFA spokesman.

    He claimed some well-known cooking oil brands were packaging this subpar, unhygienic oil. The oil was sold to neighbourhood fast food restaurants and hotels, the spokesman said.

    He further stated that strict action was being taken against offenders to ensure that residents were receiving hygienic food and that those who were endangering the health of the populace would not receive compensation.

    In another raid at Potohar Town in Lahore, PFA discovered a facility producing fake edible oil. While the authorities also stopped a car carrying 400 liters of dangerous oil. The food authority filed cases against both defendants due to adulteration and violations of the provincial food law, according to PFA Director General Shoaib Khan Jadoon.

    He claimed that after receiving a tip, the authority raided Rawat Oil Mill and issued an emergency prohibition order to halt production until further orders (EPO).

  • Food price hikes pushes weekly inflation to 3.38 per cent

    Food price hikes pushes weekly inflation to 3.38 per cent

    According to the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) for the week ended June 16, 2022, surged by 3.38 per cent due to increases in the prices of food and non-food items.

    The year-over-year (YoY) trend indicates a 27.82 per cent rise, owing primarily to an increase in rates of following:

    Onions (135.31 per cent), diesel (132.61 per cent), tomatoes (117.27 per cent), petrol (110.16 per cent), vegetable ghee 1 kg (81.76 per cent), mustard oil (80.88 per cent), pulse Masoor (74.77 per cent), cooking oil 5 litre (71.52 per cent), vegetable ghee 2.5 kg (68.47 per cent), LPG (60.97 per cent), garlic (57.72 per cent), washing soap (52.73 per cent), garlic (57.72 per cent (51.11 per cent).

    On the flip side, a considerable decrease was reported in prices of chilli powder (43.42 per cent), pulse Moong (18.06 per cent), sugar (10.79 per cent), bananas (0.83 per cent), gur (0.45 per cent).

    According to the most recent data, the SPI increased from 182.88 per cent to 189.07 per cent during the week ended June 9, 2022.

    The SPI increased by 2.85 per cent, 3.45 per cent, 3.10 per cent, 3.12 per cent, and 3.10 per cent for consumption groups up to Rs17,732 and Rs17,733 to Rs22,888, Rs22,889 to Rs29,517, and Rs29,518 to Rs44,175 and above Rs44,175 respectively.

    According to the PBS, out of 51 items, 36 (70.59 per cent) increased in price, 06 (11.76 per cent) decreased in price, and 09 (17.65 per cent) remained stable during the week.

    Increase: Vegetable ghee Dalda/Habib or other superior quality 1 kg pouch each (4.95 per cent), tea prepared (4.83 per cent), bread plain (4.37 per cent), toilet soap Lifebuoy (4.13 per cent), pulse Masoor (3.50 per cent), cooking oil Dalda 5 litre tin each (2.87 per cent), Sufi washing soap (2.33 per cent), mustard oil (2.24 per cent), vegetable ghee Dalda/Habib 2.5 kg tin each (1.93 per cent), pulse Mash (1.71 per cent), beef with bone (1.50 per cent), energy saver (1.04 per cent), curd (1.01 per cent), mutton (0.89 per cent), eggs (0.85 per cent), salt powdered (0.79 per cent), lawn printed Gul Ahmed/Al Karam (0.77 per cent), basmati broken (0.68 per cent), garlic (0.59 per cent), tomatoes (0.49 per cent), milk fresh (0.45 per cent), powdered milk Nido (0.41 per cent).

  • Govt announces Rs3 billion subsidy to provide ghee at discounted rate

    Govt announces Rs3 billion subsidy to provide ghee at discounted rate

    The Minister for Information and Broadcasting Marriyum Aurangzeb announced on Monday that the government would provide a Rs3 billion subsidy to lower the price of ghee to assist the masses.

    She told a press conference that the market price of ghee is currently Rs550 per kg, but it is being sold at Rs300 per kg in utility stores across the country, according to AAJ News

    “The government is bearing a cost of Rs250 per kg,” she added, adding that the price of ghee was Rs150 per kg when the Pakistan Muslim League-Nawaz (PML-N) handed over the office to the Pakistan Tehreek-e-Insaf (PTI) in 2018.

    On the other hand, the government has increased the price of ghee and cooking oil at other retailers.

    She further stated that a 10 kg wheat bag could be purchased for Rs400 at any utility store in Pakistan.

    The minister said that on June 6, about one hundred mobile vans were added to the Utility Stores Corporation (USC) network, citing residents of Khyber-Pakhtunkhwa (KP) having difficulty obtaining discounted items due to limited distribution of utility stores.

    9,500 new utility stores

    “In addition, on June 9, 500 new USC stationary stations were set up to deliver wheat, and 100 more items are being added today,” she stated. “Since June 6, the USC network has grown by 700 units”.

    Price control committees have also been established, according to her, to keep hoarding and reselling of USC materials under check. The availability of items at utility retailers, she said, was also being watched.

    The minister stated that Rs17 billion had been set aside to give the public with low-cost sugar, ghee, and wheat.

  • Ramzan Relief Package: Utility Stores Corp announces discount on 1,500 items at 4,000 outlets

    Utility Stores Corporation of Pakistan (USC) will sell various food items at prices cheaper than the open market through its country-wide retail outlets as a part of its Ramzan Relief Package.

    The state-owned enterprise is offering discounted prices for 19 food items besides 1,500 total items that will be available at 4,000 stores throughout the holy month of Ramzan.

    Consumers will pay Rs950 for a 20-kilogram wheat flour bag under the package, instead of its original price of Rs1100-1350. Similarly, one kilogramme (kg) of sugar would be offered at Rs85 instead of Rs86-93. One kg of subsidized ghee costs Rs260 at USC, whereas edible ghee costs Rs470 on the open market.

    The price of one liter of cooking oil at USC is Rs407, while the open market is offering the same at Rs500.

    Likewise, one kg of daal channa costs Rs162 at USC, while it is being sold at Rs180-190 on the open market. Similarly, a kg of dal moong (washed) costs Rs170, and the open market sells it for Rs180-200 per kg. Washed daal mash costs Rs268 at USC, as compared to its price of Rs280-320 on the open market.

    Furthermore, one kg of daal masoor costs Rs215 at USC, instead of Rs250-280 in the open market. Sella rice will cost Rs165 per kg, basmati rice Rs155 per kg, and tota rice Rs85 per kg.

    The dates will cost Rs140 per kg, whereas dates on the general market will continue selling for Rs200 and Rs240. The 950gm tea pack costs Rs1,042 at USC, in contrast to its price of Rs1,250 in the open market.

    Read more: FBR records 29.1% growth during July 2021 to March 2022

    Ultra-high temperature (UHT) or pasteurized milk at USC is offered at USC for Rs142, and costs Rs165 in the general market. Squashes are sold for Rs250 instead of Rs290, and squashes and syrups (1,500 ml) are available for Rs437, compared to the original price of Rs495 in the open market.