The rise in oil prices contested in the LHC


INP

12:37 | 02 October 2021

The increase in petroleum product prices was challenged in the Lahore High Court (LHC) on Saturday.

According to the details, the complainant asked to reconsider his decision as it will cause more problems for poor people.

The OGRA, the federal government and other institutions were part of the petition.

Earlier, the opposition parties had organized demonstrations in the National Assembly against the increase in the prices of petroleum products.

During the session, members of the opposition, while holding up placards, gathered around the podium of AN President Asad Qaiser and demanded that the decision to raise prices be withdrawn.

Muslim League of Pakistan-Nawazs (PML-N) Khawaja Asif announced the boycott of the session, after which the speaker adjourned the proceedings for a fixed period.

The reaction came after the government increased the price of gasoline by Rs 4 per liter effective October 1 (Friday), following fluctuating global oil prices.

The decision was made in accordance with the recommendation of the Oil and Gas Regulatory Authority (OGRA). The new gasoline price will be Rs127.20 per liter against the current rate of Rs123.20 per liter.

High Speed ​​Diesel (HSD) prices have been increased by Rs 2 per liter and will now cost Rs 122.04 per liter. The price of kerosene was also increased from Rs 7.02 per liter to Rs 99.31 per liter from Rs 92.29 per liter.

In addition, light diesel will cost 8.82 rupees more and will therefore be priced at 99.51 rupees per liter.

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