News

News

More price shocks on the cards
With world oil prices soaring and the rupee depreciating, prices of many essential items have gone up while more price hikes are in the offing. Bus fares and prices of wheat products, including bread, are expected to rise while gas prices, which were raised a few weeks ago, are also to go up further.

Bakery owners are discussing the percentage of the price increase and the private bus owners and gas companies have sought approval to increase rates and prices. According to gas company sources, Shell has sought permission for a Rs. 70 hike and Laugfs a Rs. 49 hike.

On Friday, milk food prices were increased by amounts ranging from Rs. 4 to Rs. 10. Eating houses and food sellers have increased the price of a packet of lunch by Rs. 5.

Top

Back to News