Administration

PSF 2008 Administrative Report

August 24, 2008 // 0 Comments

Petroleum Support Fund (PSF) Scheme was announced by the then President in the 2005 Independence Day speech to eliminate the effect of volatility in international crude oil and products and stabilize domestic prices. The administration of the Scheme started in the year 2006. The Guidelines for the implementation of the PSF prepared by the PPPRA in consultation with the industry Operators was also approved by the Government. The PSF Guidelines do not supersedes the Mandate of the Agency [...]