KARACHI: Some greedy retailers have pushed up the retail price of sugar to as high as Rs180 per kg from Rs170 by attributing the hike to rising wholesale prices.

A retailer said the wholesale rate for sugar had risen to Rs168 per kilogram from Rs153 per kg two weeks ago.

The average national price of sugar last month was Rs145-160 per kg, but it continued to crawl up in the lead-up to Ramazan and has kept rising even during the holy month. In the first week of January, the average price ranged between Rs130 and Rs150.

But some retailers who purchased huge stocks at lower rates in bulk months ago, must now be enjoying windfall profits by selling sugar at current rates.

Rauf Ibrahim, the chief of Karachi Wholesalers and Grocers Association (KWGA)), said “I find the government’s........

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