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ISLAMABAD: An increase of 13.5 percent in the price of sugar has been recorded during the last one year (September 2020-2021), 37.3 percent in the price of cooking oil, and 40.7 percent in the price of vegetable ghee. This was stated by the Finance Ministry that said that per kilogram refined sugar price was increased to Rs107.59 in September 2021 from Rs94.79 per kg in September 2020 to Rs107.59, cooking oil 5kg Dalda to Rs1,726.75 from Rs1,257.90 and vegetable ghee Dalda per kg to Rs343.26 from Rs244.13, while 30kg wheat flour bag to Rs1,203 from Rs1,009.55.

An official said that minting profit by the middleman has really been the concern of the government and that that area has not yet been addressed. The Finance Ministry said that the government has been expanding the network of Sasta Bazaars and the Utility Stores outlets for the provision of smooth supply of daily use items.

The Finance Ministry said that the National Price Monitoring Committee (NPMC) and the District Price Control Committees have actively been monitoring the prices of essential items. The government is also committed to establish USC outlets all across the country in order to provide relief to the common man. All these measures will help deal with the price issue for the common man and strategic reserves are also being built to deal with the challenge.

DCs directed to ensure sugar sale at govt-notified prices

Most importantly, the prices in the international market are on a declining trend during the month of September 2021 compared to August 2021 - sugar 0.0 percent, soybean oil -2.4 percent, and wheat negative 4.6 percent, which augur well for domestic prices of the country, the ministry added.

The ministry added that the present government has taken various policy initiatives, administrative actions, and relief packages to control the inflationary pressure, which has been mainly derived from global market commodity prices.

The higher international food prices were transmitted to countries, net importers. Pakistan's dependence on wheat, sugar imports has increased during the last three years of the present government.

Copyright Business Recorder, 2021


Comments are closed.

AULLADNABI KHAN Oct 26, 2021 01:36pm
Just jhoke of Riasat.e.Madina KHAN sahab just shouting on container that if inflation are raising that mean the PM is thief's what mean it is are PM is thief so much curruption is continue in this govt also no body have concern regarding middle class and poor people how they are surviving..
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Parviz Oct 26, 2021 02:48pm
@AULLADNABI KHAN , well said
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Feisal Rahimtoola Oct 26, 2021 04:12pm
In July I got atta for Rs. 84 per kilo i.e. twice the price admitted by the government. Prices of most medicines have more than doubled since Niazi took oath and rising every few months. Interstingly, commisioner issued daily chicken and egg is much less than market prices. Previously, such things were considered black!
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Naimatullah Oct 26, 2021 04:51pm
You people cannot run the country You must silently go to your home and handover the government to the eligible one's The previous thieves that is Nawaz Sharif and zardari were far most better than you
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Atiq Ur Rahman Oct 26, 2021 07:03pm
It is sadly to say that USC also increased price of essential items five to ten folds and rest of the nation is put in hell. Only rumors to help the poor but poor are slapped by the government.
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Sidhu Oct 26, 2021 09:30pm
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Mehar Elahi Oct 27, 2021 11:27am
Dear dalda cooking oil and ghee prices crossed 400 per lit/kg
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