PHOTO: PID/FILECaretaker Prime Minister Anwaarul Haq Kakar on Monday said the government is looking to tame inflation with fuel price cuts and a price-control mechanism. The inflation rate rose to 31.4% year-on-year in September from 27.4% in August, primarily due to high fuel and energy prices. Analysts, however, expect the fuel price cut to be short-lived and ineffective at taming inflation. Read more: Common man finally gets some relief"The current cut in fuel prices has been led by a lower ex-refinery price, which is a function of international prices and the rupee parity. "When the fuel prices go up, the transportation cost and product prices also rise, but when the prices fall, the impact is not passed on to consumers to the same extent," Rauf added.
