Opinion | Editorials
Prices are unlikely to come down
It is becoming more and more difficult for middle and lower income workers to manage.
- Gulf News
- Published: 23:16 July 18, 2008
The recent surge in gas cylinder prices, according to local distributors, is not to be blamed on the commodity itself, but the global increase in the price of steel, from which the cylinders are made. Whether the increase justifies an increase of 65 per cent on what is a returnable, refillable item is questionable. Certainly it would seem logical to make a one-off increased charge, but if the gas price has remained stable, then repeatedly charging the inflated rate to cover the cost of a re-used cylinder needs closer examination on the distributors pricing structure.
However, what is not in doubt is that everything we buy now is increasing in price and the likelihood of prices coming down is a dim prospect. Combined with shortages of basic foodstuffs and ever-increasing rental charges, it is becoming more and more difficult for middle and lower income workers to make ends meet.
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