The price of sugar at utility stores in Pakistan has been raised from PKR 140 to PKR 145 per kilogram, reflecting a PKR 5 increase. This decision was reportedly made in response to rising prices in the open market.

Reason Behind the Price Hike

According to sources within the Utility Stores Corporation, the adjustment was necessitated by the escalating costs of sugar in the open market. Despite the increase, officials emphasized that the price of sugar at utility stores remains lower compared to market rates, offering some relief to consumers.

Government Oversight

The price hike comes amid discussions about the future operations of utility stores. Last week, the federal cabinet formed a special committee to evaluate the operational viability of utility stores. The committee, chaired by the Federal Minister for Industries and Production, has been tasked with presenting its findings within a week.

Broader Implications

This recent development highlights the challenges faced by utility stores in balancing affordability with market dynamics. As the government deliberates on the future of these outlets, millions of citizens rely on them for essential goods at subsidized rates. The committee’s report is expected to address these challenges and propose solutions to ensure continued support for low-income households.