ISLAMABAD – Sugar prices have skyrocketed in violation of the government’s agreement with mill owners, raising concerns over regulatory enforcement and consumer protection. The surge comes despite an official cap on pricing set earlier this year.
According to documents, the government and sugar mill owners had agreed to a maximum sugar price of Rs 171 per kilogram, permitting only a modest increase of Rs 6 per kilogram from August 15 to November 15. However, sugar mills have hiked prices to Rs 229 per kilogram, exceeding the agreed limit by Rs 58.
Read More: Weekly inflation rises 4.15% as edible oil, sugar prices climb
Officials say the dramatic increase has effectively taken sugar prices out of government control, creating financial strain for households already struggling with inflation. Economists and consumer rights advocates have condemned the unchecked profiteering, calling for urgent measures to stabilize the market.
Despite repeated violations, no action has been reported against hoarders or profiteering sugar mills, prompting questions about the government’s regulatory oversight and accountability mechanisms. The situation has sparked public outrage, with citizens demanding immediate intervention to protect consumers from further exploitation.
Read More: Sugar prices skyrocket to Rs 220 per kg across country