Govt drops ‘gas bomb’ on commercial, domestic consumers

PAKISTAN INFLATION SETS ANOTHER RECORD, HITS 36.42PC IN APRIL,

Islamabad_ Burdening the inflation-stricken masses even further, the Oil and Gas Regulatory Authority (OGRA) on Tuesday increased the price of liquefied petroleum gas (LPG) by Rs5 per kilogram.

The price of a domestic cylinder has been increased by Rs58 and that of commercial cylinder by Rs222.

According to a notification issued by OGRA, the price of LPG has been increased by Rs5 across the country for March, after which the price of the gas per kilogram has increased to Rs229.

The notification states that the price of a commercial cylinder of LPG reached Rs10,619.

PBS REORET ON INFALATION, 

As per details, the Bureau of Statistics has released the monthly figures for the inflation rate which stated that the inflation rate has hiked by 2.41 percent in April. The inflation rate increased by 2 percent in the urban area while 2.97 percent in the rural areas.

The price of Potatoes increased by 26.88 percent, flour 25.8 percent, tomatoes 19.3 percent, sugar 18.8 percent, fruits 10.1 percent, eggs 9.8 percent and wheat by 4.47 percent.

The inflation rate was recorded 28.23 percent from July till April 2023. The hike in prices of eggs and wheat was recorded 100.8 and 103.52 percent respectively.

Earlier, Pakistan’s food imports, including wheat, palm oil, and soybean oil, went up by 64.45% in July and August, according to the data issued by the Pakistan Bureau of Statistics reported.

The biggest spike was noticed in the wheat import which went up by a staggering 2435% in the first two months of the fiscal year. Pakistan has imported wheat worth Rs68.49 billion this year, while the wheat import bill for July and August 2021 was only Rs2.70 billion.

LAST YEAR PBS REPORT ,

Pakistan’s food imports, including wheat, palm oil, and soybean oil, went up by 64.45% in July and August, data issued by the Pakistan Bureau of Statistics reported. 

According to PBS statistics, Pakistan has imported food items worth Rs392.83 billion in the first two months of the fiscal year 2022-23.  Last year, the country’s food import bill for the same months was Rs238.88, PBS stated.

The biggest spike was noticed in the wheat import which went up by a staggering 2435% in the first two months of the fiscal year. Pakistan has imported wheat worth Rs68.49 billion this year, while the wheat import bill for July and August 2021 was only Rs2.70 billion.

Moreover, the country also imported tea worth Rs30.23 billion in July-August 2022 which is 20.92 higher than July-August 2021. Pakistan also imported pulses worth Rs35.95 in July-August 2022 which is 43.70 higher than last year.