Flour, fuel prices down, cooking oil, gold up compared to last year

KABUL (Pajhwok): The prices of flour and fuel declined, but the rates of cooking oil and gold surged this year compared to their prices last year, in Kabul, market sources said on Saturday.

Food items

Zmarai Safi, head of the Food Traders’ Association, said the price of a 49-kilogram sack of Kazakh flour fell from 1,580afs last year to 1,330afs this year, but a 16-litre bottle of Malaysian cooking oil went up from 1,430afs to 1,700afs.

Abdul Nasir Rashtia, an economic expert, told Pajhwok Afghan News the prices of goods were determined based on supply and demand in the market. “If demand surges, prices also increase, and when demand for goods decreases, their rates decline”.

He said the increasing price of flour and sugar had various reasons and the main reason was supply and demand and another factor could be that Afghanistan was an importing country.

He said Afghanistan’s trade relations with some countries were improving and explained: “Previously, Afghanistan was dependent on one route, and when it was blocked, transit and border problems arose, and prices increased sharply. We had this experience every year, but fortunately, Afghanistan is connected to many countries and imports basic materials and raw materials from different countries recently”.

However, the prices of food items stayed stable as the price of a 49-kilogram bag of Indian sugar cost 2,600afs, a 24-kg bag of Pakistani rice stayed stable at 2,600afs, a kilogram of African black tea at 400afs and the same amount of Indonesian green tea at 350afs.

Fuel prices

A worker at the Ahmadyar pump station told Pajhwok the price of one litre of petrol edged down from 63afs to 62afs and diesel from 62afs to 57afs.

He also said the rate of one kilogram liquefied gas decreased from 58afs to 50afs during the year.

Gold prices up

Mohammad Fawad, a jeweller in Timor Shahi area, said the price of one gram of Arabian gold went up from 4,150afs to 5,600afs and the same amount of the Russian variety from 3,100afs to 4,450afs.

Haji Mohammad Hussain, owner of the Sadaqat Money Exchange Service, said the local currency strengthened during the week as one US dollar traded at 70.80afs and 1,000 Pakistani rupees at 250afs.

During the previous week, one US dollar accounted for 71.30afs and 1,000 Pakistani rupees for 250afs. The spike in the afghani value is essentially linked to periodic dollar auctions by the central bank.

hz/ma

Flour, cooking oil, gold prices down in Kabul

KABUL (Pajhwok): The prices of Kazakh flour, Malaysian cooking oil, Pakistani rice and Arabic gold has decreased while Indian sugar surged in Kabul markets this weekend. Zamarai Safi, head of the Food Traders Association, told Pajhwok Afghan News the wholesale rate of 49-kilogram of Kazakh flour dropped from 2,500 afs…

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