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Ghee, cooking oil prices see massive hike across Pakistan

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The costs of critical kitchen necessities, such as banaspati ghee and cooking oil, have escalated by up to 20% in the last two months, placing households under heightened financial strain.

The increase occurs notwithstanding government assertions of a declining inflation trend, raising apprehension among individuals already contending with elevated living expenses.

Reports indicate that the price of ghee has escalated by Rs30 to Rs120 per kilogram in multiple places, while the cost of cooking oil has surged by Rs50 to Rs150 per litre. Retailers have verified that the increase is impacting households across the nation, with costs differing according to brand and quality.

Rates for ghee and cooking oil in December 2024

The retail price of premium-grade ‘A’ quality ghee currently varies from Rs505 to Rs559 per kilogram. In Lahore and other metropolitan areas, the price of Sufi ghee has escalated to Rs350 per kilogram. Simultaneously, mid-range ‘B’ quality ghee is priced between Rs440 and Rs500 per kilogram.

The prices of cooking oil have risen correspondingly, with retailers attributing the escalation to the surging costs of raw materials in the global market. Wholesale distributors have identified global supply chain disruptions as a major contributor to the price increase.

The Consumer Price Index inflation indicates a trend of slowing.

Notably, the increase in ghee and oil prices coincides with data from the Pakistan Bureau of Statistics (PBS) showing a slowdown in core inflation. The Consumer Price Index (CPI) for November 2024 was 4.9%, a significant decrease from 7.2% in October 2024.

This figure indicates a notable enhancement relative to the 29.2% inflation documented in November 2023.

In November 2024, inflation rose by 0.5% month-on-month, reflecting a deceleration relative to the 1.2% increase observed in October. Nevertheless, for economically challenged households, this statistical enhancement provides minimal comfort since the costs of vital goods persist in escalating unabated.

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All petrol pumps in Islamabad will have EV charging facilities installed.

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The government has announced that all petrol stations in Islamabad will have EV charging stations installed, marking a significant step in the implementation of the Electric Vehicles (EV) Policy.

Under the direction of Federal Minister Rana Tanveer Hussain, the fourth meeting on the EV Policy examined the status of several initiatives. The Capital Development Authority (CDA) was commended by the minister for their efforts and instructed them to make sure that charging stations are placed at all of the capital’s petrol pumps.

Additionally, Rana Tanveer declared that the Federal Board would give free electric motorcycles to the top 120 pupils. The government also intends to encourage the use of EVs by providing subsidised loans for 19,000 electric rickshaws and 39,000 electric bikes.

By digitising the entire process, the meeting evaluated the progress of 40 charging stations along national highways and motorways and underlined the need for openness. In order to make Islamabad a model city, Minister Hussain restated the Prime Minister’s aim.

The official release states that the EV Policy would be fully unveiled shortly.

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Operations in North Waziristan: President and PM Applaud Security Forces for Effective Operations

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Prime Minister Muhammad Shehbaz Sharif and President Asif Ali Zardari laud the security forces for killing seven Khawarij in two different operations in the North Waziristan District.

The Security Forces’ valour in destroying the terrorists was commended by the president and prime minister.

The President and Prime Minister sent their condolences to Lance Naik Muhammad Amin Shaheed’s heirs and commended his courage and patriotism.

Additionally, they prayed for Lance Naik Muhammad Amin Shaheed to reach the highest ranks in paradise and for his family to have the forbearance and fortitude to cope with the loss.

Both the Prime Minister and the President stated their intention to keep up operations until Fitnat-ul-Kharij is eradicated from the nation.

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Deputy PM: Those who oppose the 2024 elections may file a lawsuit.

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Important debates were held in the Senate on a range of national issues, from poverty alleviation programs to election-related concerns.

Deputy Prime Minister Ishaq Dar, who recalled concerns over the 2018 elections, told the meeting that those who object to the 2024 elections could take their case to court. He also stated that we need to learn from the past and come together for the benefit of our future generations.

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