Even though edible oil is cheap in the global market, it has been made expensive in Pakistan.

KARACHI: Despite a 50% drop in cooking oil (edible oil) prices in the global market, oil has become expensive in Pakistan.

The price of edible oil has been increased by Rs 5,000 per m2, after which the price of cooking oil has increased from Rs 12,500 to Rs 17,500.

Traders say that 10 companies or big traders have colluded to increase the price of oil.