Increase in prices of petroleum products on Wednesday has been challenged in Lahore High Court (LHC).
According to details, the plaintiff said that the matter is already under hearing in the court, therefore the hike in the cost should be nullified.
Oil and Gas Regulatory Authority (OGRA), Petroleum Ministry and federal government have been made party in the petition.
The move came after the prices of petrol were raised by Rs2.61 per litre (from Rs113.99 to Rs116.60).The cost of High Speed Diesel (HSD) was revised with a difference of Rs2.25 (from Rs125.01 to Rs127.26).
OGRA also increased the price of keresone (KSO) with a maximum difference of Rs3.10. The Light Diesel Oil (LDO) also experienced a revision in its prices as existing Rs82.43 price was surged to Rs84.51 with an increase of Rs2.08.
On the other hand, the locals have criticized the government and demanded to withdraw the new prices.
……………….
The government on Thursday has increased petroleum product prices for the month of November 2019.
According to notification issued on Thursday, petrol price has been increased by Re1 per litre, whereas the price of High Speed Diesel increased by 27 paisa.
The prices of kerosene oil and light diesel oil has also been decreased by Rs2.39 and Rs6.56 respectively.
On Wednesday, the Oil Gas and Regulatory Authority (OGRA) had sent a summary to Ministry of Petroleum to increase fuel and oil prices.
In its summary, OGRA had requested the petroleum ministry to increase the petrol price by Rs1 and high speed diesel by Re0.37. Similarly, it stated that the price of light diesel should be decreased by Rs6.56 and that of oil by Rs2.39.
The summary will be approved by the government and the new fuel prices will come into effect from November 1.
