Saturday, January 15, 2011

Ghee, cooking oil prices go further up

Ghee, cooking oil prices go further up

LAHORE: The prices of cooking oil and ghee have shot up by Rs 9 per kg amidst regular increase in power tariff in the country and constant upward trend in global palm oil rates.

According to market sources, the price of 5 kg pack of cooking oil and ghee has risen by Rs 45 to reach Rs 940, translating into a hike of Rs 9 per kg.
Dealers said the prices of 12kg box of normal quality cooking oil have risen to Rs 1,950 from Rs 1,830 within a week, while one kg pack is available for Rs 165, showing a jump of Rs 9 from earlier rate of Rs 156 per kg.
Market sources said the prices of 16 kilogram tin of ghee surged to Rs 2,650 from Rs 2,500, showing a rise of Rs 150, while the rates of branded cooking oil and ghee in one kilogram packing have been constant during this period. The average quality ghee and cooking oil like Punjab and Shan brands is presently available for Rs 165 per kg while the high standard ghee and cooking oil rate like that of Dalda, Sufi and Habib are being sold in the range of Rs 172-175 per kg. Market sources said that the companies have raised the wholesale price of high quality branded ghee in one kg packing to Rs 169 per kg. Resultantly its price at retail level will also go up, they added.

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