ISLAMABAD: In a shocking breach of the government’s agreement with sugar mill owners, the price of sugar has surged, raising concerns over regulatory enforcement and consumer protection.
According to official documents, the government and sugar mill owners had agreed to a maximum sugar price of Rs 171 per kilogram, allowing an increase of only Rs 6 per kilogram from August 15 to November 15, following a July revision from Rs 165 to Rs 171 per kilogram.
However, sugar mill owners have flouted the agreement, hiking prices to Rs 229 per kilogram, exceeding the agreed limit by Rs 58 per kilogram. The documents indicate that sugar prices have now moved completely out of government control, causing financial strain on consumers.
Despite this blatant violation, no action has been reported against hoarders or profiteering sugar mills, raising serious questions about the government’s regulatory oversight and accountability measures.
The dramatic price increase comes at a time when household budgets are already under pressure, sparking criticism from economists and consumer rights advocates who demand immediate intervention to curb profiteering and stabilize the market.
