ECC Expresses Concern Over High Vegetable Ghee, Cooking Oil Prices

A meeting of the Economic Coordination Committee (ECC) on Friday expressed concern over the limited pass-through of declining international prices of vegetable ghee and oil market to domestic consumers. The committee was briefed by the Ministry of Industries and Production on the status of availability and pricing trends in the vegetable ghee and oil market. While noting the ministry’s assurance regarding adequate national stock levels, the committee expressed concern over the limited pass-through of declining international prices to domestic consumers. The committee advised vigilant monitoring to prevent price distortions and potential cartelization, and emphasized the need for active coordination with the Competition Commission of Pakistan, National Price Monitoring Committee (NPMC), and provincial governments through the Ministry of Industries and Production.