CJP orders to find way to bring down petroleum prices
- By Web Desk -
- Jul 05, 2018
ISLAMABAD: Chief Justice Supreme Court of Pakistan Mian Saqib Nisar on Thursday ordered the relevant stakeholders to find a way to bring down the prices of petroleum products and ease burden on the common man.
A three-member bench of the apex court was hearing a case related to the surge in petroleum prices.
Hearing of the case has now been adjourned till Sunday.
The caretaker government has increased the petrol prices on Sunday by Rs14/liter which will result in almost Rs100 billion profit to government in the month of July 2018.
In the past, price hike for petrol and related products was usually around Rs2 to Rs5. However, interim government’s decision to rise petrol prices by Rs5 to Rs14 per liter is a threat to people due to economic burden and instability.
It was expected that the caretaker government will maintain the prices in order to provide reprieve to the economy.