LAHORE: The recent hike in the prices of petroleum products, announced by Financed Minister Ishaq Dar on Sunday, has been challenged in Lahore High Court.
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In the petition, filed by the Judicial Activism Panel, it has been argued that the petroleum prices have decreased in the international market but it was different in Pakistan, adding that it was an act of exploitation and the federal government has increased suffering of the people instead of providing relief.
It may be recalled that Finance Minister Ishaq Dar popped up on national mainstream media Sunday morning and announced an increase of up to Rs.35 per liter in prices of petrol and diesel, effective immediately, in what seemed to be Pakistan’s surrender to meet IMF condition, for revival of much-needed loan program stalled since last September.
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The prices of the petrol and diesel had been jacked up by Rs35 per litre each, taking the new prices to Rs249.82 and Rs262.80 respectively, he said.
The price of kerosene oil surged to Rs189.93 per litre after an increase of Rs18 while the light speed diesel also witnessed as much increase with new price reaching to Rs187 per litre.
