Prices of construction materials soar amid fuel hike
Price hike! A record increase in the prices of construction materials is observed due to sky-rocketing prices of petroleum products in the country, media reported on Sunday.
As per the details, the market dealers have increased the prices of construction materials after hiking in the prices of petroleum products.
A cement bag will now cost Rs1200 after a rise of Rs360; the market dealers informed the media. Moreover, the charges for gravel have been surged by Rs45 per square foot and will now cost Rs130 per square foot.
The market dealers have also increased the price of the sand trolley by Rs2, 500 per trolley, which will now cost Rs6, 000. Meanwhile, the price of steel has touched 0.205 million per ton after an increase of Rs35.
Sources have told media persons that the prices of tiles and paint also witnessed an increase.
Earlier, the PML-N-led federal government had increased the price of petrol by Rs60 per liter.
The Oil and Gas Regulatory Authority (OGRA) had also announced an increase in gas prices, a 45% raise was approved for the Sui Northern Gas Pipelines Limited (SNGPL) while 44% for the Sui Southern Gas Company (SSGC).
These price hikes do not come to an end and a huge increase in the prices of milk, eggs, and other dairy products is observed in Sindh, including Karachi.
Prices of dairy products including eggs, bread, milk, bus, and rusk have shot up exponentially in the local market.
Currently, milk is being sold at Rs170 per litter, whereas yogurt is at Rs220 per kg after a raise of Rs20. The rates of different sizes of buns have been jacked up from Rs5 to Rs20.
On the other hand, bread and butter are being sold at Rs70 and Rs60 after a hike of Rs20 and Rs10 respectively.
Criticizing the petrol prices which led to the increase in prices of necessary items, people have demanded to review the fuel prices so as to control the inflation.