LHC summons FBR officials to explain hike in POL prices 

LAHORE: The Lahore High Court (LHC) on Tuesday took up a petition challenging the recent hike in the prices of petroleum products.

Justice Shahid Jameel heard the petition filed by a resident against the recent hike in POL prices.

The court, while issuing an interim order on the plea, ordered the Federal Board of Revenue (FBR) officials to appear before the court on May 24th along with the record.

The applicant argued in his petition that the prices of petroleum products in the global market have decreased, but the federal government has increased fuel prices.

The government has already been charging a heavy tax on petroleum products, which is taking a toll on consumers, he added.

Earlier on May 3rd, the Economic Coordination Committee (ECC) had approved an increase in the prices of petroleum products by Rs9 per litre for the month of May. The price of petrol stood at Rs108 per litre after the increase.

The meeting had also approved the proposed increase in diesel price by Rs4.89 per litre, light diesel by Rs6.40 and kerosene by Rs7.46.

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