Lahore: The caretaker government decision of increasing petroleum products prices has been challenged in Lahore High Court (LHC).
According to details, a petition has been filed in LHC against increase in petroleum products, in which caretaker government and Oil and Gas Regulatory Authority (OGRA) were made parties.
“Hike in petroleum products will bring about inflation, therefore court must order the government to decrease prices which it has increased recently,” petitioner said in the petition.
The caretaker government on late Saturday increased prices of petroleum products for the second time in a month. On the recommendation of OGRA, finance division approved new prices of petroleum products.
The new per-litre 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, as per the notification.
This implied a respective price hike of Rs7.54, Rs14.00, Rs3.36, Rs.5.92, and Rs6.55 in petrol, diesel, kerosene oil, light diesel, and high-speed diesel.
The increase in the petroleum prices is caused due to increase in petroleum prices in international market and depreciation of Pak Rupee against US Dollar.