Govt maintains POL prices, bearing PDC by up to Rs35/litre

March 15, 2022 (MLN): Following the relief package announced by Prime Minister Imran Khan, the federal government has kept the petroleum prices unchanged for the next fortnightly despite an abnormal price hike in the international market, notification issued by Finance Division said on Tuesday.

“Subsequently, to keep the prices at the existing level, the government will bear the additional burden of Rs30 billion for the fortnight (16-31 March 2022),” it noted.

Accordingly, MS (petrol), High-Speed Diesel (diesel), Kerosene (SKO) and Light Diesel Oil will remain available at Rs149.86/litre, Rs144.15/litre, Rs125.56/litre, and Rs118.31/litre, respectively.

Meanwhile, the Ministry of Energy notified today, “Government will bear the Price Differential Claim (PDC) on the prices of MS at Rs23.43/litre, HSD at Rs34.92/litre, SKO at Rs26.26/litre and Light Diesel Oil Rs29.26/litre till March 31, 2022."

Furthermore, the OGRA was directed to calculate the amount of PDC accordingly for the disbursement to the respective OMCs/Refineries under the procedure approved by the Economic Coordination Committee (ECC).

The ECC, on the same day, has approved to allocate an additional Rs11.73 billion as a supplementary grant to meet the expenditure on payment of PDC up to March 31, 2022.

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