Pakistan

Pre-Ramadan Inflation: Oil, flour rates surge

Published by
Abdul khalique

LAHORE: The surge in the prices of basic commodities has continued to batter the everyday household, as cooking oil prices surge yet again.

In a shocking jump, the edible oil rates that jumped 60 rupees per liter in just one week, are now retailing at 550 per liter.

Shopkeepers say the oil was previously selling at 490 per liter, but supply distortions forced the sharp increase that has left consumers reeling.

Flour prices jumped higher; a 5-kg bag of flour is being sold for Rs 900, several times higher than competing brands in the market.

Complaints started flooding, citing foul odour, gritty texture, and other such issues about poor quality, while several customers have started returning dozens of bags to shopkeepers.

Even shopkeepers have admitted that the flour doesn’t meet acceptable standards.

There are growing demands from shoppers and vendors for the government to act immediately, investigate the company, the quality of flour released into the market, and check prices to avoid the public from being exploited.

Increasingly, as inflation rises and substandard food products come out on the market, families struggle to make ends meet, creating outrage across the community.

Abdul khalique

Recent Posts

PTA warns users against sharing unlawful online content

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…

9 hours ago

Iranian President lauds Pakistan’s peace efforts during key meetings

ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…

10 hours ago

Govt approves reduced property tax rates, new income tax slabs for salaried class

ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…

11 hours ago

CDF Asim Munir meets Iranian President, discusses regional situation following US-Iran talks

RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…

12 hours ago

Solar panels, batteries rates drop amid reduction in petrol price

LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…

12 hours ago

SBP announces two bank holidays

ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…

12 hours ago