Pakistan Vanaspati Manufacturers Association (PVMA) on Sunday said the price of ghee and cooking oil will jump up to Rs 18 by July 01 due to the recent budget measures.
The prices of different brands will jump from Rs 13 to Rs 18 depending on their respective retail prices in the market, said Chairman PVMA Abdul Waheed.
He said that the government is getting almost Rs90 tax per kilogram of ghee and cooking oil which are the highest in the region.
He demanded that input sales tax adjustment up to 100 percent should be allowed so that uniform tariff should be imposed on the whole industry, withholding tax on wholesale and retail purchase should be reversed.
Additional sales tax should be abolished so that the prices of essential food items should remain stable as per the wishes of the government, he added.
As per the speech of the finance minister on the floor of the house taxes on the important food items have been abolished while the taxes on ghee and cooking oil industry have been kept intact which is a discriminatory decision, he said.