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Oil, food prices on the rise in Kabul

Oil, food prices on the rise in Kabul

Aug 11, 2011 - 16:50

KABULinfo-icon (PANinfo-icon): Prices of oil, rice, flour and ghee increased during the outgoing week in Kabul, as compared to last week, market sources said on Thursday.

Both petrol and diesel accounted for 58 afghanis per litre, one afghani higher that the rate fixed by the Ministry of Commerce three weeks ago, said a Macroryan pump station worker, Abdullah.

Meanwhile, oil prices dropped from $109 to $106 in the international market during one week time.

Food Traders' Association head Haji Fazlur Rehman said the price of a 50-kg Brazilian flour rose from 2,350 afs to 2,400 afs. The same quantity of rice increased from 2,380 afs to 2,500 afs and five litres of Spin Ghar ghee from 420 afs to 430 afs.

Demand for rice increased in Afghanistaninfo-icon, just like the cross-border trend in Pakistaninfo-icon. The sugar price also went up in the international market, and the effect could be seen in Kabul, he said.

A 50-kg bag of Pakistani flour sold for 1,150 afs, same amount of rice for 2,650 afs, 50-kg sack of Brazilian sugar for 2,650 afs, one kg of African black tea for 200, while LPG rates remained unchanged, said a shopkeeper in the Froshgah area, Samsur.

The exchange rate of one US dollar was 48.30 afs and 1,000 Pakistani rupees 552 afs. Last Thursday, the dollar sold for 48.20 afs and 1,000 Pakistani rupees for 550 afs.



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