The price of sugar in Karachi’s wholesale market has witnessed a shocking surge just days before Ramadan, leaving consumers concerned. The sudden increase has raised fears of hoarding and artificial shortages as demand rises during the holy month.
Sugar Price Reaches Rs 153 Per Kg in Karachi
According to wholesale dealers, sugar prices in Karachi have jumped by Rs5 per kg in just one day, reaching Rs153 per kg on Wednesday. This marks a steep increase from Monday when the price stood at Rs140 per kg. In just three days, sugar prices have surged by Rs13 per kg, sparking frustration among consumers and retailers alike.
Sugar Mafia Behind the Price Surge?
Market sources suggest that speculators are manipulating sugar prices, taking advantage of Ramadan’s approaching demand. Many believe that the sugar mafia is hoarding supplies to create an artificial shortage, further escalating the crisis. Despite the Karachi commissioner’s warning and complaint cell in place, price manipulation seems to continue unchecked.
Government Fails to Control Sugar Prices
Despite repeated assurances from the government regarding price stability, sugar prices continue to fluctuate, causing distress among citizens. With Ramadan around the corner, consumers are worried about further price hikes and are demanding immediate intervention from authorities to curb hoarding and stabilize the market.
Will Sugar Prices Drop Before Ramadan?
As the situation unfolds, Karachi residents hope for timely action to prevent further price surges. However, given past trends, sugar prices may remain high unless strict measures are taken against hoarders and speculators.
