Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Court dismisses over 50 petitions against 14% hike in gas prices

byCT Report
14/04/2016
in Business
Share on FacebookShare on Twitter

LAHORE: The high court Thursday dismissed more than 50 petitions challenging 14 percent increase in the prices of the natural gas.

The single bench comprising Justice Mirza Viqas Rauf heard the petitions filed by Ayesha Spinning Mills and others.

You might also like

SMEDA plans new e-commerce programme to empower Pakistani entrepreneurs

26/09/2026

OGRA cuts LNG prices by up to $3.91 per MMBtu

25/09/2026

During hearing, petitioner’s counsel Ahmad Bilal submitted that the Oil and Gas Regulatory Authority (Ogra) determined the impugned gas prices for last financial year but these were being implemented after passing the said financial year, in November 2015.

He further submitted that the impugned prices were higher than the international market prices which would negatively affect the local industry. He said that the Ogra approved the hike in the prices without holding any public hearing which was a mandatory requirement for the purpose. The counsel contended that step was illegal and unconstitutional. He pleaded the court to set aside notification for 14 percent hike in the gas prices.

However, Ogra’s counsel and a Deputy Attorney General submitted that before raising the gas prices, the notice of public hearing was advertised in the newspapers and public representatives were heard. The details were also mentioned by Ogra in its decision, they added.

They further contended that the petitions were not maintainable as the petitioners did not avail the first available remedy. “Petitioners should approach first to Ogra for revision of prices,” they stressed. The court after hearing detailed arguments dismissed petitions being non-maintainable while vacating stay earlier granted against increase in the gas prices.

Related Stories

SMEDA plans new e-commerce programme to empower Pakistani entrepreneurs

byCT Report
26/09/2026

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) and Daraz Pakistan are exploring new avenues of collaboration to help...

OGRA cuts LNG prices by up to $3.91 per MMBtu

byCT Report
25/09/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant reduction in liquefied natural gas (LNG) prices for...

Cutlery exports increase 17.78pc to $10.280m

byCT Report
24/09/2026

ISLAMABAD: The exports of cutlery witnessed an increase of 17.78 percent during the first two months of the current financial...

Made-in-Pakistan Exhibition showcases Pakistani products in Dhaka

byCT Report
23/09/2026

DHAKA: The fourth Made-in-Pakistan Exhibition has opened at the International Convention City Bashundhara in Dhaka, bringing together more than 100...

Next Post

Poland plans to impose new retail tax at 0.4-1.4%

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.