Srinagar: Continuous closure of the Srinagar-Jammu Highway has triggered a sharp rise in prices across Kashmir markets, with consumers accusing traders of profiteering in the absence of regulatory checks.
The highway, the only all-weather road connecting Kashmir to the rest of the country, has remained shut for several days due to landslides and heavy rains. The disruption has choked supplies of essentials, allowing vendors to sell at inflated rates.
In Srinagar and nearby districts, a tray of eggs that cost Rs 170 earlier this week is now priced at Rs 220. Tomatoes, previously Rs 50 per kilogram, are being sold for Rs 80. Apples, bananas, and other vegetables have also seen steep price hikes.
“We are being looted in broad daylight. Traders are minting money on the pretext of highway closure, but where are the officials who are supposed to regulate the market?” said Muhammad Ashraf, a downtown Srinagar resident.
Shopkeepers blame wholesalers for the spike. “Supplies are stuck on the highway, and we are forced to buy stock at higher rates from distributors. We have no choice but to sell at a profit margin,” said a shopkeeper in Batamaloo.
Despite repeated complaints, market inspection squads have been largely absent. Consumers say the lack of accountability leaves them at a disadvantage every time the highway is closed.[KNT]
