IHC issues notice to petroleum ministry, OGRA over price hike


ISLAMABAD: The Islamabad High Court on Friday issued notices to the petroleum ministry, finance ministry and Oil and Gas Regulatory Authority (OGRA) and directed the respondents to file their responses in a week on a petition filed against the recent hike in fuel prices.

According to the petitioner, the government has unjustly increased fuel price while it is decreasing in the global market.

Justice Shaukat Aziz Siddiqui warned the respondents of a decision without taking their point of view if no response was given in a week’s time.

The court then adjourned its proceedings till February 12.

The government revised prices of petroleum products increasing the price of petrol by Rs2.98 per litre. The revised price of petrol would be Rs84.91 per litre.

The price of diesel has been increased by Rs5.92, while the price of light diesel has also been increased by Rs5.93. Diesel will now be retailed at Rs95.83 per litre while light diesel will be sold for Rs64.30 per litre.

Kerosene oil witnessed an increase of Rs5.94 per litre and will now be sold for Rs70.26 per litre.

Meanwhile, Pakistan Peoples Party Bilawal Bhutto Zardari slammed the hike in petrol prices and demanded the price increase be reversed. In a statement, the PPP chairman said that the petrol bomb is being dropped on people as revenge.

“We will not stand for the economic murder of the country,” he said, adding that the economic attack by Pakistan Muslim League-Nawaz will be combated.