High Petroleum Prices Push Food Prices Up
September 2nd, 2009
The increase in petrol and diesel rates by Rs. 4.80 and Rs. 4.59 per litre will push up commodity prices by 50 paisa to Rs2 per kg.
Traders said many transporters have already enhanced charges and this would make a negative impact on the already enhanced prices of various items. They said they cannot increase rates immediately as the city government has capped prices till Sept 10.
The price regulators are already struggling to implement official rates during Ramazan but efforts have so far been in vain as a majority of traders have openly been over-charging consumers.
Many retailers have displayed price lists but they completely ignore the official rates.
Via Dawn.com
