“Anti-People Decision”: Kaukab Iqbal Slams Massive Increase in Petroleum Prices.
Petroleum price hike Pakistan 2026
The Consumers Association of Pakistan (CAP) has voiced strong opposition to the recent hike in fuel prices, warning of its cascading effect on the national economy. Chairman Kaukab Iqbal characterized the decision as “anti-people,” emphasizing that the surge in petrol and diesel costs will inevitably lead to a significant rise in the prices of essential commodities.
Economic Impact and Concerns
The Chairman highlighted several critical areas that will be adversely affected by the higher fuel costs:
- Transport & Logistics: A direct increase in public transport fares and cargo haulage costs.
- Agriculture: Higher operational expenses for farmers, impacting food security and crop pricing.
- Industrial Output: Elevated production costs for manufacturers, potentially leading to reduced industrial competitiveness.
- Household Pressure: Increased financial strain on the poor and middle class already struggling with existing inflation.
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