SHC adjourns hearing of hike in petroleum prices for 5 days
KARACHI: The Sindh High Court (SHC) has adjourned the hearing of hike in prices of petroleum products against the government, Oil and Gas Regulatory Authority (OGRA) over for 5 days.
The law ministry has also been summoned by the SHC in the same issue. The court in this regard, also served a notice to the three institutions to submit their response over the plea filed earlier against them in the same issue.
The court directed the official respondents of the Ministry of Finance, the OGRA chairman to reply over a plea in which the petitioner blamed the government that it increased prices of the petroleum products for 16 times and decreased only twice.
In his statement, the petitioner said that the government was charging a tax of Rs65 per litre on petroleum products.
The move came after when the federal government increased the prices of petroleum products with petrol going up by Rs2.61 from 1st January 2020.
The new price of petrol become Rs116.60 per litre and the price of high-speed diesel went up by Rs2.25, taking it to 127.26 per litre.
Light diesel is now being sold be sold at Rs84.51 per litre after an increase of Rs2.08. The price of kerosene was also increased by Rs3.10. It will now cost Rs99.45 per litre.
It was the OGRA that had recommended the increase in prices of petroleum products.
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