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Hike in petrol, diesel costs challenged in LHC

by Pakistan Latest News Update

A plea was filed within the Lahore Excessive Court docket (LHC) on Thursday, difficult the latest enhance in costs of petroleum merchandise.

The plea has been filed by a citizen named Muneer Ahmed by way of his lawyer Advocate Azhar Siddique.
He acknowledged that the federal authorities has elevated the costs of petroleum merchandise which might result in an additional rise in inflation.
The petitioner pleaded with the court docket to declare the latest enhance in gasoline costs void.
The Oil & Gasoline Regulatory Authority (OGRA), federal authorities and different involved authorities have been made celebration within the case.
Earlier, the federal authorities elevated the value of petrol by Rs22.20 per litre in a bid to appease the International Monetary Fund (IMF) for reviving $7 billion Prolonged Fund Facility (EFF).
The speed of petrol was elevated to Rs272.00 per litre from Rs249.80 per litre and the value of high-speed diesel (HSD) has been elevated by Rs17.20 per litre to Rs280.00.

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