Petroleum price increase has severely affected Pakistan’s industrial sector, according to the Federal B Area Association of Trade and Industry (FBATI). Business leaders warned that rising fuel and energy costs are increasing production expenses and creating serious pressure on industries and exports.
FBATI President Sheikh Tahseen said continuous increases in petroleum prices have damaged industrial operations and made manufacturing more expensive across multiple sectors.
⛽ Industrial Sector Faces Rising Pressure
Sheikh Tahseen stated that Pakistan’s fuel prices are increasing at a much faster pace compared to several other Asian countries including Sri Lanka, Bangladesh, and Vietnam.
According to him, industries in Pakistan are struggling due to repeated petroleum price hikes and growing taxation on fuel products.
📈 Petroleum Levy Criticized by Industry Leaders
The FBATI president said the petroleum levy agreement between the government and the IMF has created additional pressure on industries.
He claimed the government is collecting nearly Rs160 in petroleum levy charges and recently increased the levy by another Rs29.92.
🏭 Production Costs Continue Rising
Industry representatives warned that higher fuel and energy prices have pushed manufacturing costs to dangerous levels.
Officials said rising operational expenses are affecting industrial productivity and creating financial difficulties for businesses.
🚚 Diesel Price Increase Impacts Transport Costs
According to Sheikh Tahseen, diesel prices have increased by nearly 93 percent, leading to around 40 percent growth in transportation charges.
Business groups believe higher transport expenses may further increase inflation and raise prices of consumer goods in coming months.
📉 Export Sector Also Under Pressure
FBATI officials said factory closures and declining export activity are becoming major concerns for Pakistan’s economy.
Industry representatives warned that increasing production costs could reduce the competitiveness of Pakistani products in international markets.
🤝 Government Asked to Hold IMF Talks
Sheikh Tahseen urged the government to hold effective negotiations with the IMF to reduce pressure on industries.
He emphasized the need for policies that can protect the industrial sector from further financial difficulties and support economic stability.