ISLAMABAD: The Utility Stores Corporation has increased Rs 115 per kg in the prices of subsidized ghee and cooking oil at all stores across the country with an immediate effect from March 2 for general public.
According to the official notification, The Utility Stores Corporation increased the price of subsidized ghee from Rs 375 to Rs 490 per kg.
However, the beneficiaries of Benazir Income Sport Program will be exempted from the increase, for them the price of ghee per kg will remain Rs.300.
Under the Prime Minister’s package, the price of general subsidized ghee has been increased for the second time in two months.
Earlier on January 1, 2023, the price of edible oil was increased by Rs 75 per kg, Thus, in two months, under the Prime Minister’s package, ghee became expensive by Rs. 190.
The Utility Stores Corporation sources said that in order to improve demand and supply and ensure uninterrupted supply of branded items, prices of certain branded items have been increased at all Utility Stores across the country. However, this increase is from branded companies, which is due to factors like market volatility/rising trend.
Utility Stores Corporation does not manufacture or produce itself but purchases from reputed and certified branded companies of the country.
When raw material prices increase, production charges increase and transportation charges increase, the product cost also increases due to which the prices have to be revised.
