AGL 40.39 Increased By ▲ 0.39 (0.98%)
AIRLINK 127.59 Increased By ▲ 0.55 (0.43%)
BOP 6.66 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.45 Decreased By ▼ -0.10 (-1.17%)
DFML 41.70 Increased By ▲ 0.26 (0.63%)
DGKC 87.10 Increased By ▲ 0.25 (0.29%)
FCCL 32.18 Decreased By ▼ -0.10 (-0.31%)
FFBL 65.00 Increased By ▲ 0.20 (0.31%)
FFL 10.15 Decreased By ▼ -0.10 (-0.98%)
HUBC 110.49 Increased By ▲ 0.92 (0.84%)
HUMNL 14.70 Increased By ▲ 0.02 (0.14%)
KEL 5.14 Increased By ▲ 0.09 (1.78%)
KOSM 7.20 Decreased By ▼ -0.26 (-3.49%)
MLCF 41.60 Increased By ▲ 0.22 (0.53%)
NBP 59.90 Decreased By ▼ -0.51 (-0.84%)
OGDC 195.00 Increased By ▲ 4.90 (2.58%)
PAEL 28.50 Increased By ▲ 0.67 (2.41%)
PIBTL 7.86 Increased By ▲ 0.03 (0.38%)
PPL 151.51 Increased By ▲ 1.45 (0.97%)
PRL 26.62 Decreased By ▼ -0.26 (-0.97%)
PTC 16.15 Increased By ▲ 0.08 (0.5%)
SEARL 78.55 Decreased By ▼ -7.45 (-8.66%)
TELE 7.47 Decreased By ▼ -0.24 (-3.11%)
TOMCL 35.60 Increased By ▲ 0.19 (0.54%)
TPLP 8.00 Decreased By ▼ -0.12 (-1.48%)
TREET 16.32 Decreased By ▼ -0.09 (-0.55%)
TRG 53.00 Decreased By ▼ -0.29 (-0.54%)
UNITY 26.70 Increased By ▲ 0.54 (2.06%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,950 Increased By 66 (0.67%)
BR30 30,921 Increased By 321.3 (1.05%)
KSE100 93,884 Increased By 528.7 (0.57%)
KSE30 29,102 Increased By 171.3 (0.59%)

The increase in petroleum prices has been challenged before the Lahore High Court. Petitioner Mateenul Haq Chaudhry Advocate filed a civil miscellaneous application in his already pending petition against increased in POL prices. He contended that the matter was sub-judice before the court, but oil and gas regulatory authority (Ogra) and federal government further increased prices of petroleum products by approximately 10 percent.
The lawyer said the matter was of grave public importance and the court should take notice of this on priority basis. He also prayed to direct the respondents to withdraw the impugned notification and status quo be granted in the interest of public at large.

Copyright Business Recorder, 2011

Comments

Comments are closed.