ECC Approves Price Differential Claim of Rs.7.34 Bn of OMCs

Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet at Prime Minister’s Office today.

The ECC considered a report of Ministry of Commerce on availability of Sugar during the month of Ramzan. It was informed that 4.35 MMT sugar stock is available with monthly consumption standing at 0.433 MMT per month in the country. The ECC expressed satisfaction over the availability of sufficient sugar stock during the month of Ramzan.

The ECC accorded ex-post facto approval for an amount of Rs. 7.34 billion paid during previous years to Oil Marketing Companies against their Price Differential Claims (PDCs) in order to provide relief to consumers through subsidizing imported petroleum products. These claims have been duly verified and audited.