KATI urges passing benefits of lower oil prices to public

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, has expressed concern that despite substantial reductions in petroleum prices, the benefits have yet to reach the general public.

Rajput said the public had expected prices of essential commodities to decline following the reduction in fuel prices. However, contrary to those expectations, transport fares, freight charges, and other costs that were previously increased on the pretext of higher petrol and diesel prices have not been revised downward.

He noted that prices of basic necessities continue to remain at elevated levels, adding to the financial burden on both consumers and the industrial sector.

Copyright Business Recorder, 2026