Petroleum products’ prices hiked to prevent fiscal deficit: Qureshi

KARACHI: The Sindh High Court (SHC) on Tuesday sought reply from the Petroleum Ministry and other concerned authorities over recent increase in the price of petroleum products, ARY News reported.

The court issued such directions during hearing of a plea against recent hike in the petroleum prices.

The federal government, petroleum ministry and other concerned authorities have been asked to ensure submission of their reply into the matter latest by May 16.

The court while observing that a notice that was served a month ago remained unanswered, asked the additional attorney general to submit response in the next hearing.

 

Yesterday, a noisy scene witnessed in Senate session, when an opposition senator criticized the government over recent hike in petroleum prices.

Read more : Petroleum products’ prices hiked to prevent fiscal deficit: Qureshi

Senator Javed Abbasi in his speech vehemently criticizing the government said the government has dropped a petrol bomb over the people in the form petroleum prices hike.

On May 3, the Economic Coordination Committee (ECC) meeting on Friday approved an increase in prices of petroleum products by as much as Rs. 9 per litre for the month of May.

With the increase, the per litre price of petrol stands at Rs. 108. The meeting also approved the proposed increase in diesel price by Rs. 4.89 per litre, light diesel by Rs.  6.40 and kerosene by Rs. 7.46.

The post SHC moved against recent hike in PoL prices appeared first on ARYNEWS.

from ARYNEWS http://bit.ly/2H6slBz
via IFTTT