Every time the government tried to fix the price of a good or service, it unwittingly ended up offering a financial bonanza to the market syndicates. From potato to rawhide, from LPG to onions, from fertiliser to sugar, from saline to edible oil, there is rarely any success to speak of.
Says DG of Directorate of National Consumers' Right Protection
The price of potato went up further after the government on Thursday announced a price cap for the tuber and began market drives to check the soaring price of the tuber.
If wholesalers do not sell potatoes at Tk 27 a kg, the new price cap, the government will sell them, said AHM Shafikuzzaman, director general of the national consumer rights protection directorate, yesterday.
DG of national consumer rights protection directorate says
The commerce ministry’s price cap on onions, potatoes, and eggs barely made an impact on the runaway prices as shopkeepers in the capital have not complied with the order.
Opposition MPs came down hard on Commerce Minister Tipu Munshi yesterday for what they said was his failure to control the prices of essentials and take action against the market syndicates.
In a first, the government yesterday fixed the prices of eggs, onions and potatoes in its bid to contain the runaway food inflation, which hit a 12-year-high last month.