ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has disbursed approximately Rs38 billion in Price Differential Claims (PDC) to 34 Oil Marketing Companies (OMCs), in line with the government’s strategy to maintain affordable fuel prices.
The disbursement has been carried out under a revised mechanism approved by the federal government, designed to enhance transparency, efficiency, and timely settlement of claims. The framework ensures a structured verification process, enabling quicker release of legitimate dues while maintaining financial discipline across the petroleum supply chain.
Ogra reaffirmed its commitment to supporting government efforts aimed at stabilizing fuel prices while protecting the interests of stakeholders, including consumers and oil companies.
As part of broader relief measures, the government has so far absorbed around Rs129 billion to prevent an increase in petroleum prices. These subsidies have been financed through development budget adjustments, improved efficiency, and conservation initiatives.
However, the Oil Companies Advisory Council (OCAC) has raised concerns over delays in PDC payments, warning that prolonged lags are disrupting the working capital cycle of OMCs responsible for fuel imports, inventory management, and nationwide supply.
In its communication with the Petroleum Division, OCAC highlighted outstanding claims, including approximately Rs23 billion for March 14–20, Rs48 billion for March 21–27, and Rs57 billion for March 28–April 2, urging timely disbursements to ensure smooth operations and uninterrupted fuel availability.
Story by Wasim Iqbal
