20kg atta bag to cost Rs25 more

According to him, after the increase in price of wheat, the ex-mills price of 20-kg flour bag will jump to Rs 385 and in retail, the price will soar to Rs 400 from Rs 365 to Rs 375 respectively.

However, he said the flour supply situation would remain normal in the local market with no chance of any shortage as the millers have announced to increase the flour price.

Justifying the price hike decision, he said that the millers were left with no other option but to increase the flour price as the wheat price had soared to Rs 740 per 40-kg in the open market, and the cost of doing business also increased after a record surge in oil price.

He said as the wheat price increased from Rs 625 to Rs 740 per 40-kg therefore, the flour millers had to increase the flour price. To a question, he said, “We don’t need to get permission from the Punjab government to decide an increase in the flour prices.”