Rising commodity prices on the world market is one of the main causes of inflation, Shaukat Tareen said.
The price of palm oil has risen considerably on the world market, so plans must be made to control the price of ghee and ensure the availability of sugar and wheat at fixed prices. Address of the Minister of Finance at the meeting of the National Price Monitoring Committee
ISLAMABAD: Finance Minister Shaukat Tareen has said that rising commodity prices on the world market are one of the main causes of inflation. Guarantee the availability of wheat at fixed rates. According to the details, a meeting of the National Price Monitoring Committee was held under the chairmanship of Finance Minister Shaukat Tareen, in which food prices were reviewed.
Rising prices of raw materials in the world market is the cause of inflation, Pakistan imports wheat, ghee and sugar from the world market, the crown has affected the supply of goods in the world market, plans should be made to control ghee prices. The price of palm oil has risen considerably on the world market.
The finance minister said that wheat should be supplied at 1950 government rates and the provinces should guarantee the daily supply of wheat to flour mills.
The Committee directed the Chief Secretaries to distribute wheat at appropriate rates. The Minister of Finance has ordered early importation to ensure the availability of sugar and to ensure the sale of sugar at the price set by the government. On the other hand, Azmi Bukhari, Information Secretary, Jamaat-e-Islami Punjab Opposition, while expressing concern about the sharp rise in inflation, said that Pakistan has overtaken all of South Asia in rising inflation. , Imran Khan’s first three years. Inflation passed by providing haven for the mob and friends, the prices of sugar, ghee, flour, legumes and food set new records. For the first time in Pakistani history, the tomato completed four centuries and the chicken completed five centuries. Khan and Sai go to Bazdar.
An increase of around 6 rupees in the prices of petroleum products was approved.
It was proposed to increase the price of gasoline by 1 rupee per liter, but it was increased to 5 rupees. New prices of petroleum will be applicable from 12 PM tonight.
An increase of around Rs 6 per liter was approved in the prices of Islamabad petroleum products. An increase of 1 rupee per liter in the price of gasoline was proposed, but the increase was made to Rs. According to the details, the federal government decided to drop gasoline bombs on people. According to a report from a private TV channel, the Ministry of Finance approved an increase in the prices of petroleum products by more than Rs.
A surprising decision has been made to increase the price of gasoline. In the summary sent by OGRA, it was proposed to increase the price of gasoline by Rs 1 per liter, but the government approved an increase of Rs 5 per liter instead of Rs 1. According to the notification issued by the Ministry of Finance, the price of kerosene has increased by Rs 5.42 paise and light speed diesel by Rs 5.92 paise.
The price of high-speed diesel has also increased by Rs 5.1 per liter. Therefore, the new price of gasoline was Rs 123.30, the new price of high speed diesel was Rs 120.04, the new price of light diesel was Rs 90.69, and the new price of kerosene it was 92.26 rupees per liter. The new announced prices will take effect from 12 noon tonight. It should be recalled that in the summary sent yesterday to the Ministry of Petroleum by OGRA, it was proposed to increase the price of high-speed diesel by Rs 10 and a half and gasoline by Rs 1 per liter.
It was proposed to increase the price of kerosene by Rs 5.5 per liter, while the price of light diesel by Rs 5.5 per liter. According to the sources, a summary of the increase in the prices of petroleum products has been prepared in accordance with the tax and the tax on goods and services in force.