News
Friday, April 06, 2012
Jhagra requests SC to hear POL prices petitionStaff Report
ISLAMABAD: Pakistan Muslim League-Nawaz Secretary-General Iqbal Zafar Jhagra on Thursday moved the Supreme Court (SC) for early hearing of his petition he filed in 2007 regarding POL prices.
Jhagra said a delay in the hearing would cause great economic loss to common people. Ikram Chaudhry, Jhagra’s counsel, filed an application in this regard. He sought the court’s attention to fix the case for a hearing from April 9 onwards.
Chaudhry said that the federal government had not implemented the judicial commission’s report in this regard. Therefore, he would appeal to the chief justice of Pakistan (CJP) to take up the case again, he added.
Requesting the court for a hearing in the next week, the counsel said if the case was not fixed earlier, the general public would suffer a lot.
The SC, in response to the petition filed by Jhagra, had formed one-member commission and appointed Justice (r) Rana Bhagwandas to determine irregularities in the fixation of prices of petroleum, oil and lubricants (POL) in the last week of March 2009. The commission probed the petroleum pricing mechanism and revealed that oil-marketing companies (OMCs) had earned a windfall profit of Rs 29.371 billion in the last seven years. The report had also recommended that permanent institutions should be established, manned by energy experts to carry out research and develop a vision for an integrated energy plan and submit reports to the government for its future policies.
Courtesy www.dailytimes.com.pk