New wave of price spiral on its way
As the falling rupee has already made imports costlier, consumers are set to pay Rs0.50 to Rs2 per kg more as the direct outcome of over nine per cent increase in petroleum prices for this month.
The rupee stood at Rs80 to a dollar in January 2009 which slipped to Rs84.50 in January 2010 and on Monday (Feb 1) it was changing hands at Rs85 in the inter-bank market.
In case commodities keep rising on the world markets it will make a double impact on the local prices.
The government had also raised the POL prices on December 1, 2009.
Traders will start charging more from the end-users after surge in transportation cost of goods from inter-city and upcountry. Usually vegetable prices go up by Re1 to Rs2 per kg as bulk of supplies arrives from the interior Sindh and the up-country.
A number of transporters operating in the Subzi Mandi already enhanced fares after increase in CNG and LPG prices.
A price survey (January 1, 2010 to February 1) revealed a surge in mung pulse (washed) rate to Rs97 from Rs92 while mung chilka was now priced at Rs86 against Rs77 per kg. Mash whole and mash washed were now selling at Rs132 and Rs143 against Rs127 and Rs138 per kg respectively.
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