Pakistan Today

LHC moved against hike in petroleum, electricity prices

The Lahore High Court on Tuesday requested through a writ petition to set aside fresh increase of prices of petroleum products and electricity tariff by the government.

The petitioner filed his petition saying that recent hikes in petroleum products and electricity tariff have increased miseries of the common man.

The petitioner said in a major shock to the people, the Nawaz Sharif government has dropped electricity and petrol bombs on an already burdened masses by increasing the power tariff by 40 to 80 percent for domestic consumers and petroleum products prices, to be effective from October 1.

The prices of petrol and high speed diesel now stand at Rs 113.25 and Rs 116.95 per litre respectively.

Ogra has issued a notification to this effect. In complete compliance with the IMF loan terms, the government has increased the power tariff for domestic consumers by withdrawing the subsidy of Rs 140 billion.

He prayed for issuance of a restraining order against the government decision because this hike would be caused unemployment and inflation in the country.

Exit mobile version