Pakistan has seen a welcome decrease in the prices of essential kitchen staples, ghee, and cooking oil. As inflation eases under the newly formed government’s economic policies, consumers have experienced significant price cuts. This relief comes as a much-needed respite for households struggling with rising living costs.
Cooking Oil, Ghee Latest Price in Pakistan 2024
The latest price adjustments have brought down the cost of popular brands significantly:
- Brand A Cooking Oil: Now priced at Rs 525 per liter, reflecting a decrease of Rs 75.
- Brand A Ghee: Reduced by Rs 25, bringing the new price to Rs 500 per kilogram.
- Brand B Cooking Oil: Reduced by Rs 70, now available at Rs 380 per liter.
- Brand B Ghee: Prices dropped by Rs 60, making it Rs 370 per kilogram.
This drop in prices offers relief to consumers who have been hit hard by previous inflation spikes.
While the recent price reductions are a positive development, the future remains uncertain. The federal budget for the fiscal year 2024-25, set to be implemented from July 2024, proposes several tax measures that could reverse these price cuts. As part of its agreement with the International Monetary Fund (IMF), the government plans to increase revenue by Rs 2,000 billion through various tax reforms.
One significant change being considered is a 1% increase in the sales tax rate. If approved, this move is expected to drive up the prices of many essential goods, including ghee and cooking oil. The exact impact on prices will depend on the final structure of the budget, but consumers should be prepared for potential price increases in these staples.
Pakistan Budget 2024-25 Preparations
With the new budget looming, here’s what consumers can do to manage their household budgets:
- Stock Up: Consider purchasing cooking oil and ghee in bulk before the expected price hikes in July 2024.
- Monitor Prices: Keep an eye on market trends and price changes to plan your purchases effectively.
- Explore Alternatives: Look for more affordable brands or substitutes to manage costs without compromising on quality.
The recent dip in cooking oil and ghee prices is a temporary relief amid ongoing economic challenges in Pakistan. As the government prepares to introduce new fiscal policies, the future of these prices remains uncertain. Stay informed and plan accordingly to navigate the potential impact of the upcoming budget changes.
