LAHORE: The Lahore High Court (LHC) sought reply from the federal government, Oil and Gas Regulatory Authority (OGRA) and Ministry of Petroleum in a case regarding the increase of sales tax on petroleum products.
Justice Mamoon ur Rasheed heard the case in which the appellants’ counsel, Azhar Sadiq argued that the benefits of decreasing oil prices in international market properly were not being passed on to the general public by the government.
On one side, the government announced a small decrease in the prices, but in the meantime rate of sales tax was increased on petroleum products, he added. He also pleaded the court to declare the increase in sales tax as null and void.
After hearing the arguments, the court issued notice the federal government, OGRA and Ministry of Petroleum seeking reply of the case until March 16.
