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Rise in POL prices add to consumers’ miseries
By Khalid Amin
ISLAMABAD—The upward revision of POL prices and electricity tariff has
resulted into financial and social burden for general consumers as well
as trade and industry.
This was stated by Dr. Talib Lashari, Executive Coordinator of
TheNetwork for Consumer Protection in Pakistan while speaking at Radio
Voice of America. Dr. Talib Lashari while assessing the sudden but
expected raise of petroleum prices pointed out that a comprehensive
package of economic reform is required rather than piecemeal actions.
Dr, Lashari added that the rise in POL prices and electricity tariff is
directly affecting the prices of other basic commodities all over the
country. He opined that this will increase poverty which leads to health
problems that further accelerates non-productivity and this vicious
cycle slows down economic development.
He further stated that such abrupt decisions by the caretaker government
are result of lack of governance. According to a recent study the women
have reduced their health expenditures in order to buy food items for
their children. Dr. Lashari also said that the economy seems in a shock
period, which led to increase in prices. Dr. Talib Lashari demanded the
government to reduce the non-development expenditure and other related
steps rather than increasing prices and burdening consumers. |