Tyre makers have jacked up prices of new tyres, citing that the surging input costs have forced them to take the decision.
According to them, the cost of raw material has jumped 25% in the past six months.
“Prices of tyres have been affected by a number of factors,” said the spokesman for General Tyre and Rubber Company.
These factors included “global increase in raw material prices, supply chain disruption because of Covid, depreciation of Pakistani rupee and increase in utility prices”, he added.
The pandemic had disrupted the global supply chain, the spokesman said, adding that freight charges of containers had also shot up because of shortage….
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