Sugar price increased by Rs3-4 per kg

LAHORE - Following the announcement of hike in power tariff rates and increase in petroleum prices, sugar prices in the retail market have jumped by Rs3-4 per kg to Rs57-60 in different areas.
The retailers said that sugar wholesale dealers have increased the sugar prices by Rs2/kg in wholesale market. In accordance with the new prices announced by the sugar dealers, sugar in wholesale market would be sold for Rs54/kg and in retail market its price has reached up to Rs60/kg.
The wholesale dealers were of the view that with the increase in prices of electricity and petroleum products, production and transportation cost has increased. Therefore, it was not possible to supply sugar on old rates, they added. Customers across the Punjab have expressed grave concerns over increase in sugar prices and they demanded the association to review the increase in prices.
Online adds from Islamabad: The weekly inflation, measured by the SPI increased slightly by 0.20 per cent for the week ending on Oct 03, the Pakistan Bureau of Statistic revealed.
The figures released by PBS, weekly inflation for the income group earning up to Rs 8,000 per month has increased by 0.06percent as compared to the previous week.
The SPI for income group earning between Rs 8,001 and Rs 12,000 per month witnessed increased of 0.08 percent, while the SPI for the mid-level income group earning Rs 12,001 to Rs 18,000 per month swelled to 0.10 percent as compared to the previous week.
The SPI data shows increase of 0.17 percent for the upper mid-level earning Rs 18,001 to Rs 35,000 per month. Weekly inflation for income group earning above Rs 35,000 showed increase of 0.33 percent.
Data further showed that average price of eighteen items including, Diesel, petrol, potatoes, sugar, chicken live, kerosene oil,  Moong pulse washed, beef, wheat, onion, wheat flour bag, Masoor Pulse washed, mutton, milk powered NIDO, Rice IRRI etc increased during the week ended on Oct 03.
Average price of nine items including tomatoes, LPG, tea, Garlic, Gur, Gram pulse washed, Red Chilies powered loose, Bananas and Egg hen live decreased.
PBS further revealed that rice Basmati broken, bread plain, milk fresh, curd, mustard oil, cooking oil, veg ghee, cooked Beef plate, cooked Dal Plate, tea prepared, cigarettes, long cloth, electric charges, energy savor 14 watts and washing soap etc remained unchanged