KARACHI:
The increase in petroleum prices announced by the Oil and Gas Regulatory Authority (Ogra) on February 01 has been challenged in the Sindh High Court here on Wednesday by an NGO which has already questioned – through an earlier petition - the existence of an ordinance empowering Ogra to fix POL prices.
Making the secretary law, the federal law minister through secretary law, federal petroleum minister through secretary petroleum and gas and chairman Ogra respondents, the petitioner NGO maintains that the increase announced on Jan 31 would severely hit the economy.
The petitioner referred to a statement of the Federal Minister for Petroleum and Natural Resources Dr Asim Hussain made on January 27. The petitioner claimed that in this statement the petroleum minster had announced that the price of petrol would go up by Rs5 and the price of diesel would go up by Rs 2.5.
The petitioner further said that as a result of this statement hoarders made additional income of Rs2.64 billion.
Published in The Express Tribune, February 2nd, 2012.
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