On the one
hand, news of a reduction in inflation is coming frequently as a result of the
government's better policy and the hard work of the economic team, while on the
other hand, the increase in the prices of most commodities is increasing the
anxiety of consumers. Due to the activity of the speculator mafia in the
market, the price of sugar has increased by ten to fifteen rupees per kilogram
and speculators are reporting an increase of eight rupees in January. The
ex-mill rate has reached 115 to 125 rupees, while small shopkeepers are
charging 140 to 150 rupees per kilogram. Dealers have indicated that the
wholesale price of sugar per kilogram during December is likely to be 128
rupees, while in January it is likely to be 133 rupees.
Meanwhile,
in view of the situation in Syria, the prices of petroleum products are being
increased. Due to the uncertain situation in the global market, it has been
estimated that the price of petrol will increase by 81 paisa per liter from
December 16, which may increase to 252.92 rupees per liter. However, a slight
decrease in the prices of diesel and kerosene is expected. According to
experts, if the situation in Syria improves and petrol becomes available in
sufficient quantities, prices may fall. One of the reasons for the increase in
the price of sugar is tax evasion by sugar mills, which leads to an increase in
prices by hiding the actual production.
The FBR
has started an operation against such mills at a time when the country’s
economy is under pressure and steps are being taken to control it. The increase
in the prices of essential commodities like sugar and petrol is worrying. The
government should seriously review this matter. The Bureau of Statistics has
also confirmed the trend of increase in the prices of 23 consumer goods and
decrease in 18, which means that the prices of most items are increasing.
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