LHC moved against hikes in petroleum products’ prices

BusinessLHC moved against hikes in petroleum products’ prices

LAHORE: A petition was filed in the Lahore High Court on Tuesday, challenging the latest price hikes in petroleum products.

The petitioner said that the surge in petroleum products’ prices would lead to further unemployment, as a result of the high cost of production and low demand.

Besides, the entrepreneurs would pass on the additional cost of production to the consumers already facing hardships due to hyperinflation, he added.

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