Karachi – Massive Jump of Petroleum prices is like an economic misfortune and it is so painful for a common man that survival has become almost impossible for him said ateeq ur rehman (economic & financial analyst).
By such raise in petroleum Prices, already existing, huge prices of public and goods transport will further shoot up to a greater extent thus increasing the cost of doing business / production, ultimately ballooning the cost of consumer goods, goods of daily uses, vegetables, fruits, pulses, grains, and more importantly the wheat & rice and medicines.
The tremendous rise in Petroleum Prices, SMEs will be badly affected and will be collapse. Small scale Industries are almost shuttered added ateeq.
Expensive Electricity / Gas / Petroleum Prices have severe impact on production activities of major industries including SMEs, etc.
It will have negative effect on Exports and it might lead to a flood unemployment. Because there will be more “Fuel Cost Adjustment” in heavy electric bills.
We understand that the rise in international petroleum prices pushed for towering domestic petrol prices. Government should revisit their decision and reverse it if not full at least half, requested ateeq.
