Increase in petrol price: Court issues notice to OGRA
A single member bench of Justice Rayaz Ahmad Khan heard the petition filed by a local advocate.
During the hearing, the petitioner said that the increase in prices of petroleum products is directly affecting the lower-class.
He maintained that the rise in petrol prices is also against the Article 9 of the Constitution.
The court asked Ogra to submit a reply and adjourned the hearing.
The prices of three major petroleum products were increased by up to five per cent for this month.
Petroleum product prices are revised monthly on the basis of international oil prices. Oil refineries and marketing companies change prices of all petroleum products, except kerosene oil, under controlled deregulation. The Ogra works as a facilitator under the deregulated oil pricing mechanism and notifies new prices.
The government increased prices of major petroleum products on Saturday in the wake of a rise in global crude prices and depreciation of rupee.
COMMENTS (2)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
1719053250-0/BeFunky-collage-(5)1719053250-0-270x192.webp "non solar consumers bear rs200b burden")
The depreciating national currency.
The crude Oil price has come down from ~US$ 108 in April 2011 to ~US$ 79 on 1 October. The prices are at 7 month low
What justification the government has to increase petrol /diesel prices