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Kabul: As afghani dips, essential items’ prices up

Kabul: As afghani dips, essential items’ prices up

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Jun 30, 2018 - 20:46

KABULinfo-icon (Pajhwok): The prices of oil, flour, sugar, ghee, rice and gold went up in Kabul during the outgoing week owing to the afghani’s depreciation against US dollar, market sources said Saturday.

According to Haji Mir Hussain, owner of Sadaqat Money Exchange Services in Kabul, one US dollar accounted for 73.40afs and 1,000 Pakistani rupees for 582afs against last week’s 71.85afs and 598afs.

Hussain said the government would previously offer US dollars thrice a week to the market but now it offered only twice a week ---a reason behind the decline in Afghan currency.

Pajhwok Afghan News tried to contact Da Afghanistaninfo-icon Bank (DAB) for comment about the Afghan currency decline, but failed.

The decline in Afghani currency value has sent soaring prices of some essential daily-use items.

Abdul Hadi, a worker at Wazirabad fuel station in Kabul, told Pajhwok Afghan News that the price of one liter of petrol increased from 52 afghanis to 54 afghanis and the same quantity of diesel from 45afs to 46afs this week.

Ahmad Javid, a liquefied gas seller in Taimani area of Kabul, said the price of one kilogram of the commodity increased from 47afs to 50afs.

In food items, only the price of tea remained unchanged.

Omaid Hussain, a grocery store owner in Kabul Mandavi Market, said the price of 50 kilograms of Kazakhstan flour increased from 1,100afs to 1,160afs, 49kg of Pakistani sugar from 1,560afs to 1,600afs, 24kg of Pakistani rice from 2,000afs to 2,100afs, 16 liter of Khurshi ghee from 1,020fs to 1,050afs.

About the hike in food item prices, he said: “Traders purchase goods with US dollars and that is the reason prices of most items have increased.”

However, Noor Ahmad Khairkhwa, a tea seller in Kabul Mandavi, said a kilogram of Indonesian green tea cost 280afs and the same amount of African black tea 300afs -- same prices as last week’s.

Ahmad Wali Panjsheri, who owns a grocery store in Dahn-i-Bagh area of Kabul, sold a 50-kg sack of Kazakhstani flour for 1,220afs, a 49-kg bag of sugar for 1,760afs, 24-kg of Pakistani rice 2,400afs a 16-litre tin of ghee for 1,130afs, one-kg of Indonesian green tea for 300afs and the same amount of black African tea for 350afs—higher than wholesale rates.

Gold prices also jump

Haji Fawad Ahmad Salehzada, a jeweler in Timor Shahi area of Kabul, said that the price of one gram of Arabian gold increased from 2,350afs to 2,400afs and the same quantity of Russian variety from 1,800afs to 1,900afs.

He also said that the price of gold jumped due to the fall in Afghan currency.

mds/ma

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