19/05/2024 (MM News) - According to the association, consumers can now purchase Brand A and Brand B cooking oil and ghee at significantly lower prices. Brand A cooking oil is now priced at Rs 525 per liter, marking a reduction of Rs 75, while Brand A ghee is priced at Rs 525 per kg after a reduction of Rs 25.

Similarly, Brand B ghee and cooking oil are now available at Rs 380 per liter, following a Rs 70 price decrease.

This decrease in prices offers a glimmer of hope amid broader economic challenges. The State Bank of Pakistan, in its half-yearly economic review report, has forecasted an inflation rate of 23 to 25 percent for the current financial year.

However, the report also provides optimism, predicting a gradual decline in inflation over the next six months. If this trend persists, the inflation rate could potentially decrease to as low as 5 to 7 percent by September 2025.

https://mmnews.tv/cooking-oil-and-ghee-prices-record-decrease-of-up-to-rs75-per-liter/