ISLAMABAD — In a major move to protect the public from global energy volatility, the Ministry of Finance has officially notified the establishment of the Petroleum Prices Stabilization Fund. Following a formal directive from the federal cabinet, all proceeds channeled into this strategic safety net will be parked under the “Special Deposit Fund” within the Public Account of the Federation. Modalities are currently being fast-tracked by the Finance Division, Petroleum Division, and OGRA to govern the fund. The structural layout is heavily geared toward utilizing discounted fuel windfalls from unconventional import channels, ensuring these savings directly stabilize weekly consumer fuel pricing rather than flowing to oil marketing giants.
