Rise in petrol prices to spur inflation by 1.3pc

KARACHI: The recent raise in prices of petroleum products will spur the inflation rate to soar by 1.3 percent across the country.

According to analyst Muzzammil Aslam of Jehangir Siddiqui, the government raised the prices of petroleum products, which may spur the price hike to further fly up by 1.30 percent.

The government has been urged to keep strict vigil on the prices of eatables and controlling the corruption will help stabilize the inflation rate.

Meantime, the people have rejected the raise in prices of petrol, as they were already being suppressed by price hike.

The people urged the government to take up effective measures to extend relief to them. Link...