In a recent development, Finance Minister Ishaq Dar has made an important announcement regarding the reduction in prices of ghee and edible oil at utility stores across Pakistan. This move is aimed at providing relief to the masses by making essential cooking ingredients more affordable and accessible. The Finance Minister took to the popular social networking site Twitter to share this news with the public, highlighting the specific price reductions and emphasizing the immediate implementation of these changes.
According to the details shared by Ishaq Dar, the price of Tyrone brand ghee has been reduced by Rs. 69 per litre, while the price of cooking oil has been decreased by Rs. 76 per litre. These reductions will directly benefit the consumers, making these products more affordable and helping to alleviate the financial burden on households. The Finance Minister further elaborated on the price variations for different tiers of ghee and edible oil available at utility stores, showcasing the considerable differences between market prices and the prices offered by the Utility Stores Corporation of Pakistan (USC).
Ghee the price reductions at utility stores:
- Tier 1 Branded Oil:
- Market Price: Rs. 618-630 per kg/litre
- USC Price: Rs. 540-590 per kg/litre
- Difference: Rs. 40-78 per kg/litre
- Tier 1 Branded Ghee:
- Market Price: Rs. 580-585 per kg
- USC Price: Rs. 545-577 per kg
- Difference: Rs. 8-35 per kg
- 2nd Tier Ghee (subsidized):
- Market Price: Rs. 510-520 per kg
- USC Price: Rs. 490 per kg
- Difference: Rs. 20 per kg
As per the Finance Minister, the subsidized ghee is now available at USC stores for Rs. 490 per kg, offering a significant price advantage over the market. Additionally, the popular Tyrone brand ghee can be purchased at USC stores for Rs. 545 to Rs. 577 per kg, allowing consumers to save a notable amount on their ghee purchases. Similarly, Tyrone cooking oil is now priced at Rs. 540 to 590 per kg, ensuring a considerable reduction in comparison to the prevailing market prices.
These reductions in the prices of ghee and edible oil are undoubtedly a welcome move, reflecting the government's commitment to the welfare of its citizens.
By making essential cooking ingredients more affordable, the government aims to ease the financial strain on households, particularly those belonging to lower-income groups. This step will not only contribute to reducing the cost of living but also enhance the overall quality of life for many individuals and families across the country.
The Finance Minister has stressed that the implementation of these price reductions will be immediate, ensuring that consumers can avail themselves of the benefits without any delay. By prioritizing the reduction of prices at utility stores, the government is taking a proactive approach to address the rising costs of essential commodities and provide relief to the masses.
Finance Minister Ishaq Dar's announcement of significant price reductions in ghee and edible oil at utility stores is a commendable step toward improving the accessibility and affordability of essential cooking ingredients for the people of Pakistan. By reducing the prices of these products, the government is actively working to alleviate the financial burden on households and enhance the overall well-being of its citizens.
