LAHORE: The Lahore High Court (LHC) on Friday issued notices to the federal government and the Oil and Gas Regulatory Authority (OGRA) regarding the recent fuel price hike.
During the hearing, Justice Shahid Karim instructed the respondents to submit their replies. The petitioner, Azhar Siddique, contended that despite a decline in global petroleum prices, the government had increased fuel prices in Pakistan.
He urged the court to nullify the recent price hike, arguing that there is no proper mechanism in place for determining fuel prices in the country.
Earlier, the federal government announced revised fuel prices for the next fortnight, raising petrol by Rs one/liter and diesel price by Rs. 7 per liter.
According to an official notification, the price of petrol was increased by Rs. 1 per litre, setting the new rate at Rs. 257.13 per litre.
Similarly, the price of high-speed diesel was raised by Rs. 7 per litre, bringing it to Rs. 267.95 per litre.
Notably, this marks the third consecutive fortnightly increase in petroleum prices, following previous hikes on January 1 and January 16.
On January 1, petrol prices rose by 56 paisas to Rs. 252.66 per litre, while high-speed diesel increased by Rs. 2.96 to Rs. 258.34 per litre.
On January 16, petrol saw another increase of Rs. 3.47, reaching Rs. 256.13 per litre, while high-speed diesel went up by Rs. 2.61 to Rs. 260.95 per litre.
