Following directions from the Prime Minister, the Oil and Gas Regulatory Authority (OGRA) has been allocated Rs. 27 billion from the Prime Minister’s Austerity Fund. The funds will be used to settle Price Differential Claims (PDCs) arising from the government’s decision to protect consumers from rising international oil prices.
The allocation comes from various expenditure reduction measures implemented within the federal government and deposited into the PM Austerity Fund. This first tranche aims to ensure timely settlement of claims without impacting the government’s overall budget.
Officials said the government is also considering additional cost-cutting measures to provide further relief to the public while maintaining fiscal discipline. These steps are intended to ensure that the benefits of price stabilization reach consumers efficiently and sustainably.
