Islamabad November 15 2022: Economic Coordination Committee (ECC) allowed an premium of US$16/BBL for importing OMCs other than Pakistan State Oil.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the ECC at Finance Division, today.
Ministry of Energy, Petroleum Division submitted a summary on High Speed Diesel (HSD)/Gas Oil premium and shared that the demand for HSD has been substantially increased due to ongoing sowing season and rehabilitation efforts after the floods in the country. With regard to premium reimbursement to importers for smooth and sustainable supply of HSD in the country, the ECC allowed premium on HSD subject to maximum capping at US$ 16.75/BBL for importing OMCs other than PSO for the months of November, 2022.
Federal Minister for Power Mr. Khurram Dastgir Khan, Minister of State for Finance and Revenue Dr. Aisha Ghous Pasha, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, Coordinator to PM on Commerce & Industry Rana Ihsan Afzal, Federal Secretaries, Chairman FBR and other senior officers attended the meeting.
