“If you look at the petroleum products in December receiving oil at $40 per barrel which now stands at $70 per barrel,” he said. The rise in rates of food and petroleum production ports in the international market have affected the domestic market, said Suleri.
According to the Pakistan Bureau of Statistics, sugar imports from July to January increased by more than 7,000 percent and a total of Rs. 20.60 billion worth of sugar was imported during the period.