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Hike in PoL Price Challenged in Lahore High Court

Lahore(July 02, 2018): Recent hike in petroleum price on Monday has been challenged in Lahore High Court.

Advocate Azhar Siddique has challenged the hike in prices.

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Caretaker Govt has no right to increase or decrease prices of petroleum prices, Azhar Siddique advocate said in his plea.

Earlier, the caretaker government approved Saturday night a significant upward revision in the petroleum prices, citing an official announcement, with the new rates being effective by July 1.

As per the notification, the new per-liter prices of petrol, diesel, kerosene oil, light diesel, and high-speed diesel are Rs99.50, Rs119.31, Rs87.70, Rs80.91, and Rs105.31, respectively.

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Earlier, the Oil and Gas Regulatory Authority (OGRA) had recommended an increase in the prices of petrol, diesel, and kerosene oil by Rs5.40, Rs6.20, and Rs12, respectively, for July 2018.

PPP Slams Hike In PoL Prices, Demands To Withdraw Decision:

Pakistan Peoples Party (PPP) on Sunday has rejected the hike in petroleum products’ prices.

In a statement, former opposition leader in National Assembly Khurshid Shah has demanded the caretaker government to withdraw its decision.

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He also urged to provide maximum relief to the nation.

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