ISLAMABAD: The government will provide around Rs30 billion subsidy on petroleum products in the coming months to protect the common man from impacts of the increased fuel prices in the international market. The officials of Petroleum Division informed the Senate’s Standing Committee on Petroleum, which met with Senator Muhammad Abdul Qadir in the chair on Thursday. “Expected Price Differential Claim (PDC) for March 1-15 is Rs883 million; however, in subsequent fortnights, it is expected to be around Rs30 billion, depending upon international oil prices,” the officials said. They said prompt payment of PDCs to oil marketing companies (OMCs) is needed to keep their confidence intact and avert any shortages in the market, adding “Energy supply chain might face some issues if the confidence is lacking.” TLTP
