Govt. fails to get a slash in branded companies oil, ghee prices

KARACHI: All the branded companies are still selling their edible oil and ghee at Rs120-135 per kilo, despite government announcement of Rs3-5 per kilo reduction.

Karachi Retail Grocers Group said that the branded companies were selling edible oil and ghee at Rs120-135 in the local market, while the government had earlier in November 2008 fixed the oil and ghee prices at Rs98 per kilo, but the branded companies in brazen violation of the government writ continued selling their products at Rs135-140 per kilo. The government recently further announced a cut in oil and ghee prices by Rs3-5, but this time again it appeared that the branded companies are in no mood of abiding the government directives and the citizens are forced to buy oil and ghee at higher prices. Sugar price in the local market has also shot up by Rs6 per kilo during the last one month and it is being sold at Rs40 per kilo.