SHC seeks OGRA's reply on hike in petroleum products' prices.

KARACHI -- The Sindh High Court (SHC) has sought reply from the chairman of Oil and Gas Regulatory Authority (OGRA) in a petition filed against the hike in prices of petroleum products, media reported on Friday.

The Sindh High Court (SHC) heard a petition challenging a hike in petroleum products' prices. The court asked the authorities to elaborate the procedure of the fixing prices of petroleum products.

Deputy Attorney General told the SHC judge that the response of the finance ministry has been given which stated that OGRA possesses power to fix the prices.

The petitioner stated in its plea that there was no reason for increasing the petroleum products' prices again and again. He pleaded the SHC to question federal institutions regarding the procedure for fixing the prices.

Later, the SHC ordered OGRA to submit a response and adjourned the hearing.

Earlier in the day, the Oil and Gas Regulatory Authority (OGRA) has proposed a Rs20.7 per litre hike in petrol price for the...