KARACHI: Amid decline in palm oil price in International Market, cooking and gheemills owners are earning a profit of Rs25 per kilogramme. Mill owners said on Tuesday that no promise was made to the government regarding the reduction of ghee price in open market and that it cannot reduce prices by force. The government said it would conduct a probe into their profit earnings. Officials of Pakistan Banaspati Manufacturers Association (PBMA) told Geo News that the government was promised that only ghee being provided at utility stores would be sold at cheaper rates which was being sold at Rs95 per kilogramme. On the other hand, Secretary Industrial and Production Shahab Khawaja said that the PBMA had pledged to reduce prices of ghee, however, he said the association had sought more time because bookings had been made on older rates.

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