Pakistan
Utility Stores Corporation withdraws decision to increase cooking oil, ghee prices
The Utility Stores Corporation (USC) on Wednesday withdrew its notification few hours after increasing the prices of ghee and cooking oil.
The prices were increased after manufacturers jacked up the rates of the commodities, said a statement issued by the USC spokesperson.
"There will be no increase in the price of subsidised ghee, as well as other subsidised items," the spokesperson said in the statement said, adding that the USC aimed to provide quality products to the people at low prices.
Earlier in day, the USC had increased the prices of ghee and cooking oil. According to the price list that would have been effective from Nov 3 (today), the prices of various brands of cooking oil and ghee were increased by up to Rs65 and Rs53 per litre, respectively.
The prices of both commodities were the most expensive in Karachi zone.