Islamabad, Oct 9: Transport Fares Remain High Despite Significant Petroleum Price Cuts
Federal Minister for Planning Ahsan Iqbal led a session of the National Price Monitoring Committee, which noted that the reduction in fuel prices has not been adequately reflected in lower transport fares, raising concerns.
Officials from the Pakistan Bureau of Statistics (PBS) delivered a comprehensive report on the current inflation scenario. PBS pointed out a notable inconsistency between the prices of several food items and those in the open market.
The PBS also underscored significant differences between wholesale and retail prices for certain key goods at both the provincial and national levels. It was further noted that the drop in petroleum prices has not effectively impacted transport services.
The minister remarked that although fuel prices have fallen, transport fares have not seen a corresponding decrease, which remains worrisome. He instructed provincial authorities to take swift actions to reduce transport, wholesale, and retail costs.
He stressed that the government is implementing strict measures to ensure maximum relief for the public, emphasizing that there will be no compromise on this matter.
Until then, transport fares remain high despite significant petroleum price cuts, continuing to burden commuters with high travel costs while fuel becomes more affordable. This issue underscores the need for greater accountability in how cost reductions in essential sectors are managed, ensuring that the general population benefits from such changes.
