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The Nexus
BUSINESSJun 30 · 02:59 UTCDAWN[email protected] (The Newspaper's Staff Reporter)

Fund created to mitigate oil price shocks

The government established a Petroleum Prices Stabilisation Fund to mitigate oil price shocks by channeling proceeds into the Public Account under the Special Deposit Fund. The fund aims to adjust petroleum prices weekly to minimize consumer impact, leveraging savings from unconventional oil imports and potential future austerity measures.

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Mentioned
Ministry of FinanceorganizationPetroleum Prices Stabilisation FundorganizationOil and Gas Regulatory Authority (Ogra)organizationUS-Israel war on IrantopicIMF programtopicpetroleum, oil, and lubricants (POL)topicSpecial Deposit Fundorganization
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