A significant development unfolded as a petition was lodged with the Lahore High Court, contesting the recent petrol price hike.
The case has been presented by the Judicial Activism Panel and names the federal government along with other pertinent entities like OGRA (Oil and Gas Regulatory Authority) as respondents.
The core argument of the petition hinges on the absence of a transparent pricing mechanism for petroleum products in Pakistan and recent Petrol price hike. The recent escalation in prices, the plea contends, is poised to exacerbate the ongoing issue of inflation.
Highlighting the crucial role of petroleum as a fundamental necessity, the petitioner underscores that making it more expensive essentially curtails citizens’ essential rights, thereby potentially contravening constitutional provisions.
In light of these concerns, the petition urgently appeals for the recent price hike in petroleum products to be rescinded. This legal challenge could potentially have implications for the pricing dynamics of such vital commodities in the country.