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Afghans Complain about oil price increase

in Afghan Business

Afghans Complain about oil price increase

According to reports, Afghan households are unhappy about soaring oil prices in the country.

Although the government has repeatedly spoken about making efforts to decrease oil prices, a large of people, taxi drivers in particular, complain about high prices of oil.

Taxi drivers approached to the government through the radio and called for the government to undertake steps to lower the prices.

Prices of oil and gas have been going up since the past one year in the capital and various other provinces.

Currently, a liter of petroleum stands in the market at 65 Afs and one liter of diesel at 60 Afs.

Officials of the Ministry of Commerce and Industries have said that the rise in the oil prices in Afghanistan are as a result of high oil prices in the international market.

In order to lower prices in the country, the government is trying to sign an agreement with Russia that would allow an inflow of 5,000 ton liters of oil into the country.

According to a group of Kabul residents, the government should take control of oil prices in Afghanistan, since free market does not prove to be beneficial for the country in this regard.

Some have complained that a group of large companies has monopolized the business of oil imports, which has further caused the oil prices to jump. Lack of transparency in the business is another factor.

Economic experts in Afghanistan suggested the government to work on strategic reserves if they are to overcome the issue of increasing oil prices, as this issue has existed since a long time in Afghanistan.

Tags assigned to this article:
Afghanistan oil

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