The recent increase in oil prices is not going to help the economy already burdened by a high rate of inflation. It is true that the international market for oil is volatile and the government has to follow suit but it can come up with a strategy so that these price shocks to the public are phased out.
The blow has to come but it would help if the government could soften it with the formulation of proper policy because this is something that is not just the price increase in one commodity but something that has ripple effects on all sectors of the economy and political economy.
SAMINA A
Lahore
