Hike in petrol, diesel prices challenged in LHC
The plea has been filed by a citizen named Muneer Ahmed through his lawyer Advocate Azhar Siddique.He stated that the federal government has increased the prices of petroleum products which would lead to a further rise in inflation.The petitioner pleaded with the court to declare the recent increase in fuel prices void.The Oil & Gas Regulatory Authority (OGRA), federal government and other concerned authorities have been made party in the case.Earlier, the federal government increased the price of petrol by Rs22.20 per litre in a bid to appease the International Monetary Fund (IMF) for reviving $7 billion Extended Fund Facility (EFF).The rate of petrol was increased to Rs272.00 per litre from Rs249.80 per litre and the price of high-speed diesel (HSD) has been increased by Rs17.20 per litre to Rs280.00. SuchTV, 16 Feb, 2023
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