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Home News Business

Hike in petrol, diesel prices challenged in LHC

by ABCBANGLANEWS
February 17, 2023
in Business
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A plea was filed in the Lahore High Court (LHC) on Thursday, challenging the recent increase in prices of petroleum products.

The plea has been filed by a citizen named Muneer Ahmed through his lawyer Advocate Azhar Siddique.

He stated that the federal government has increased the prices of petroleum products which would lead to a further rise in inflation.

The petitioner pleaded with the court to declare the recent increase in fuel prices void.

The Oil & Gas Regulatory Authority (OGRA), federal government and other concerned authorities have been made party in the case.

Earlier, the federal government increased the price of petrol by Rs22.20 per liter in a bid to appease the International Monetary Fund (IMF) for reviving the $7 billion Extended Fund Facility (EFF).

The rate of petrol was increased to Rs272.00 per liter from Rs249.80 per liter and the price of high-speed diesel (HSD) has been increased by Rs17.20 per liter to Rs280.00.

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