Manufactures increase price of edible oil by Rs10/litre

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Soon after the end of strike Pakistan Vanaspati Manufacturers Association (PVMA) in a row with the oil tankers association and manufactures of edible oil and ghee increased price of their products by Rs10/kg on Saturday. The wholesalers who received the essential items of daily use on Saturday were charged Rs10/kg additional prices by the manufactures with new prices announced by the various companies. According to Fareed Qureshi, ghee available at Rs152/kg was available with the new price of Rs162/kg, while price of cooking oil was increased to Rs168/kg from the previous rate of Rs158/kg. The retailers were to charge the consumers by at least Rs5/kg higher than the mentioned wholesale rates. Besides that the supply of various kinds of edible oil and ghee to the retail and wholesale market was still reduced by 50 per cent.