Categories: Pakistan

LHC moved against hike in oil prices

LAHORE (TLTP): The Lahore High Court (LHC) was moved on Saturday against the recent hike in prices of petroleum products.
According to details, Advocate Azhar Siddique filed a miscellaneous application in the pending case pertaining to fuel prices. He stated that the government has once again jacked up the prices of petroleum products.
He said in the petition that the hike in oil prices will lead to further increase in inflation, pleading with the court to declare the increase void. The petition stated that more burden has been put on a common man who is already reeling from rising inflation.
On June 30, the petroleum ministry announced via a notification an upward revision in petroleum prices in a fortnightly meeting with a hike in petrol of Rs2 a litre. The other petroleum products that saw the hike include high-speed diesel which was jacked up by Rs1.44 to Rs113.99, the notification announced. Separately, the prices of kerosene oil was raised by Rs3.86 to Rs85.7 per litre.
The PM’s special aide Shahbaz Gill tweeted on the development that the petroleum regulatory initially recommended over Rs6 increase in the petrol price. He said the PM only approved a Rs2 hike instead.

The Frontier Post

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