OGRA processes OMCs PDC claims of Rs 38 billion

ISLAMABAD While implementing the Federal Government decision to maintain the fuel prices at affordable level, the Oil and Gas Regulatory Authority (OGRA) has processed the disbursement of approximately PKR 38 billion in Price Differential Claims (PDC) to 34 Oil Marketing Companies (OMCs). According to OGRA spokesperson, the regulator has implemented the Federal Government decision through a mechanism, duly concurred by Federal Government, aimed at improving transparency, efficiency, and timeliness in the verification and release of PDCs. The framework ensures a structured evaluation process, enabling expeditious settlement of legitimate eligible claims so as to ensure robust financial discipline.
The Authority reaffirmed its commitment to supporting government efforts to stabilize petroleum prices while safeguarding the interests of all stakeholders across the oil supply chain.