No bar to hike gas price: Supreme Court

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MNA Business Desk: The Supreme Court on Monday extended its stay on a High Court order that stayed for six months a government decision to raise gas prices for all consumers in the 2nd phase that came into effect from June 1.

A four-member Appellate Division bench of the Supreme Court, led by Chief Justice Surendra Kumar Sinha, passed the order.

The apex court bench also asked the High Court bench that had stayed the second hike to dispose the latter’s rule by July 31.

After the top court bench rule, Attorney General Mahbubey Alam said, with this fresh order, there will be no bar to continue the latest hike of gas prices in the country.