LAHORE – The Lahore High Court has been requested through a writ petition to set aside fresh increase of prices of petroleum products by the government.
Judicial Activism Panel filed the petition submitting that the Oil and Gas Regulatory Authority on Sunday raised petrol prices by up to 8.2 per cent, contrary to its advice to leave prices unchanged.
He said the price of petrol crossed the psychological barrier of 100 rupees and was raised from 97.66 rupees (1.07 dollars) to 105.68 rupees (1.16 dollars) or by 8.2 per cent.
The price of diesel and high-octane gasoline was increased by 4.5 per cent and 7.0 per cent respectively. Price of compressed natural gas, an alternate transport fuel, was increased from Rs 77.12 to Rs 88.70, he mentioned in his petition.
He prayed for issuance of a restraining order against the government decision.