BUSINESS
Ghee and flour mill owners are likely to raise prices after the government used petrol bombs.
Sherry Rehman, a PPP senator, said that because of the huge number of petrol bombs, ghee and flour mill owners have also said that prices will go up a lot in the country.
“Due to # PetrolBombs, the price of ghee and flour will go up significantly, with a ghee price hike of Rs80!” tweeted Twitter user Rehman on Friday.
In 2018, a pound of flour cost Rs 37.Now, it’s Rs 55.
This inflationary wave will be too much for both the people and the economy of Pakistan, she said.
Due to unprecedented #PetrolBombs, ghee and & flour mill owners have announced that prices will increase drastically, with a ghee price hike of Rs80! In 2018, flour was Rs37/kg but now it’s Rs55. This inflationary cascade will be unbearable both for the people and the economy. pic.twitter.com/lathkB9a68
— SenatorSherryRehman (@sherryrehman) February 18, 2022
The PTI government has recently raised the prices of POL products again.
Prices for petrol, High-Speed Diesel (HSD), kerosene, and light diesel oil (LDO) have gone up.
There has been a rise in the prices of POL products because crude oil prices have risen on the international market and there has been a lot of conflict in Ukraine.
