Advertisement

LHC moved against recent hike in petroleum products

  • Web Desk
  • Share

LHC

LHC moved against recent hike in petroleum products

Advertisement
  • Federal Govt, Ministry of Petroleum and OGRA made parties.
  •   The recent increase in prices will further increase inflation.
  • Cretaker government increased Rs 26.2 per liter on petrol.
Advertisement

LAHORE: A petition was filed in the Lahore High Court(LHC) against the recent increase in the prices of petroleum products.

Azhar Siddique, head of the Judicial Activism Panel, filed a plea in the Lahore High Court in which the federal government, the federal Ministry of Petroleum, and the Oil & Gas Regulatory Authority(OGRA) have been made parties.

It has been argued in the petition that the price of petroleum in the world market is low while in Pakistan it is continuously increasing while there is no mechanism determining the price of petroleum products in Pakistan.

The petitioner said that the recent increase in prices will further increase inflation as petrol is a basic need that cannot be kept away from the public in case of inflation.

Azhar Siddiq stated that increasing the price of petroleum products is tantamount to denying fundamental rights and violating the constitution, so the recent increase in the prices of petroleum products should be annulled by the court.

Also Read

Eight people killed in collision between vehicles near Ghotki

Victims were going from Sukkur to Mureed Branch. 8 people died and...

Advertisement

It should be noted that the caretaker government increased Rs 26.2 per liter on petrol and Rs 17. 34 per liter on diesel.

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Chairman Joint Chiefs of Staff Committee General Sahir Shamshad Mirza visits Bangladesh, ISPR
Indian Minister sparks controversy with remarks on Australian cricketers’ harassment
Six children injured as school van catches fire in Karachi
Kashmiris observe black day marking 78 years of India’s cccupation
Pakistan warns ‘Zero Tolerance’ as Afghan Taliban resist counterterror demands
Air quality in Lahore reaches dangerous levels
Next Article
Exit mobile version