The price of sugar has now surpassed Rs 200 per kilogramme in local shops across the nation.
Sugar price crosses Rs200 per kg: Even though the commerce ministry denied there was a scarcity, the price of sugar skyrocketed to more than Rs200 per kilogramme in various areas. The citizens, who were suffering from inflation, urged the authorities to cut the price of sugar in a meaningful way.
Sugar prices ranged from Rs180 to Rs200 per kg in Karachi markets, while residents of Quetta and Sukkur had to buy it at Rs220 per kg.
Sugar prices in Lahore, Jhang, and Faisalabad saw an increase to a range of Rs195 to Rs200 per kg.
Authorities in Lahore tightened the noose around sugar mill owners and traders and initiated an investigation into the increase in sugar prices.
It was discovered that the government compiled names of hoarders as well as sales information from sugar traders. The Punjabi provincial government intended to implement a crackdown to lower the price of sugar.
Recent reports indicated that sugar prices in Balochistan’s retail marketplaces reached a record high of Rs 220 per kg.
In Balochistan, the price of sugar, previously set at Rs200 per kg, unexpectedly rose by Rs20 per kg to reach an all-time high of Rs220.
“Sugar Prices Surge in Pakistan Amid Supply Disruptions”
According to market sources, the commodity’s wholesale price in the province is Rs210 per kilogramme, while a 50-kg bag has reached Rs10,500.
Dealers claim that the suspension of permits causing traffic jams stopped the sugar supply, resulting in an increase in the price of the product.
The suffering of those who are already feeling the effects of inflation has increased as a result of the unexpected increase in sugar prices.
According to earlier reports, Pakistan’s Ministry of Commerce and Industries dismissed reports of a sugar scarcity.
The statement followed reports from reliable sources that Pakistan wanted to purchase sugar from Brazil.
According to ministry sources, Pakistan has more than 2 million metric tonnes of sugar on hand, which will last the nation till December.