POL Slash: Price of food items expected to decrease

KARACHI: The price of food items are expected to decrease by 5% after the government drastically slashed the price of petroleum products.

The impact of the price decrease can already been seen as the wholesale price of sugar in Karachi dropped by Rs 3.52 per/kilo. Chairman Karachi Wholesale Association, Anis Majid told Geo News the price may further decrease as a result of fares becoming cheaper and the crushing season beginning.

However, there has been no letup as of yet in the price of fruits and vegetables. With a price decrease expected, residents of cities across the country await relief calling on the government to slash electricity, gas and taxes.

Lahore Transport Company Chairman, Khawaja Ahmed said transporters in the city have agreed to a 8% decrease in fares. The price decrease will be applicable from Sunday. Fares for non-AC buses operating within Lahore will be Rs 15 for 4 KM, Rs 20 for 8 KM, Rs 24 for 14 KM, Rs 29 for 22 KM, Rs 35 for 30 KM and Rs 40 for over 30 KM.