ISLAMABAD: A massive surge has been recorded in prices of cooking oil ahead of the holy month of Ramazan, which is likely to begin on February 18.
According to sources, like other essential commodities, the prices of cooking oil also seen a massive hike recently, another economic hit on the public before the beginning of the holy month of Ramazan.
According to market data, the price of cooking oil has increased by Rs 60 per litre in the last week, after which its retail price has reached Rs 550 per litre.
Regarding the increase in prices, shopkeepers say that cooking oil was earlier available for Rs 490 per litre; however, prices have increased due to a shortage in supply.
On the other hand, flour prices have also increased, where a 5 kg bag of flour is being sold for Rs 900, which is significantly higher than other brands available in the market.
Ramazan cash package:
Meanwhile, Adviser to the Khyber Pakhtunkhwa Chief Minister on Finance, Muzammil Aslam, has welcomed the approval of the Ramazan cash relief package in the 47th provincial cabinet meeting, stating that the initiative reflects the vision of PTI founder Imran Khan and Chief Minister Muhammad Sohail Afridi.
Speaking after the cabinet meeting, Muzammil Aslam said that this year, around 1.063 million low-income individuals across Khyber Pakhtunkhwa will benefit from the Ramazan package. He added that the provincial government will provide an average of Rs12,500 per family to support them during the holy month.
He recalled that in Ramazan 2024, the Khyber Pakhtunkhwa government had introduced a Rs10,000 per family relief package. According to him, other provinces, including Punjab, followed a similar model in 2025.
The finance adviser said that due to rising inflation, the chief minister increased this year’s Ramazan package by 25 per cent to provide greater relief to deserving families.
Muzammil Aslam termed the initiative a reflection of a “people-friendly government,” adding that it highlights the difference between what he called a public mandate and a “Form 47 government.”
