LAHORE - The proposed massive increase in diesel prices will trigger new wave of inflation across the country as the freight charges as well as  the passenger fares are bound to increase. This raise will only bitterly disturb the masses but also destroy all business and industry.

This statement is given by Sheikh Abdul Waheed Sandal, Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce & Industry. He was dressing an official meeting in Regional Office FPCCI in Lahore.

He said this new raise is not justified as fuel prices are reported to be downward in our neighboring country. He said low prices and continuous supply of electricity is basic need of industry and economics. He said business community and common people are already in miserable condition due to load shedding of electricity.