LAHORE – Both the Pakistan Vanaspati Manufacturers Association (PVMA) and the Punjab government have resolved the issue through negotiation, as the ghee manufacturers, instead of reducing ghee and oil rate by Rs15 per kg, have accepted the government’s demand of providing their relevant record of already decreased rate.
Some brands, as they claimed had reduced the rate by Rs10 and few companies cut the rate by Rs5 per kg during the last seven months from July 2014 to Feb 2015.
Now, the companies, instead of cutting ghee rates straightaway by Rs15 per kg, will announce the cut in prices partially, where applicable.
The manufacturers have withdrawn the decision of mills’ closure following the government accepted millers’ stance that they had already passed on the benefit of decline in oil prices to the consumers partially.
Company manufacturing ‘Dalda’ brand, which has claimed that it has already cut ghee, oil prices by Rs5 per kg, has also announced to decrease their product rate by Rs10 per kg from today (Sunday), increasing the total consumer benefit to Rs15, as wished by the Punjab government.
