Flour prices see sharp hike at utility stores

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ISLAMABAD: After increasing the prices of all petroleum products by Rs30, the government has also hiked up flour prices — by more than 20 per cent — at utility stores.

The new rates were conveyed to all zonal managers in a May 26 notification issued by the Utility Stores Corporation of Pakistan, a copy of which is available with Dawn.com.

According to the document, the sale price of a 20kg bag of flour at regular and franchised stores has been increased from Rs800 to Rs980. Similarly, the sale price of a 10kg bag of flour at regular and franchised stores has been increased from Rs400 to Rs490.

“Accounts officers are required to personally visit warehouses/stores to prepare price variation of atta and stock should be counted physically and report of stock should [be] sent to Wheat and What Flour section, Head Office,” it stated. “In case, any discrepancy/insufficiency is found at any stage, concerned officer will be held responsible,” the notification added. It also said that the cost price of flour would remain the same.