KARACHI: Johar Ali Qandhari, the President of the Korangi Association of Trade and Industry (KATI), has
voiced strong opposition to the recent increase in petroleum product prices, asserting that the rise of 13
rupees 55 paisa per liter in petrol prices, despite a stable dollar, is unjust. Qandhari contended that the
local price surge far exceeds the differences observed in global markets, forecasting that this decision
will unleash a storm of inflation, further burdening the common people.
Expressing concern over the impact on the public, President KATI suggested that the government could
have deferred the hike in petroleum prices, taking into account the ongoing challenges faced by the
people. Alternatively, if a price increase was deemed unavoidable, Qandhari proposed that the
government should have reduced tax and levy rates to alleviate the financial strain on the public.
Highlighting the hardships confronted by industries, Johar Qandhari urged the government to reconsider
the decision to increase petroleum prices. He argued that rescinding the price hike would not only
benefit the industry by reducing production and transportation costs but also contribute to stabilizing
the country’s economy.
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