PSF Implementation Guidelines

The Government established the Petroleum Support Fund (PSF) with effect from January 2006 as an interventionist fund.

Funding:

  1. The Petroleum Support Fund (PSF) shall be a pool of fund provided in the budget and contributed to by the three tiers of Government to stabilize the domestic prices of petroleum products against volatility in international Crude and Products Prices.
  2. The PSF account is expected to be supplemented with the accruals during the period of over-recovery (over-recovery here refers to the period at which the PPPRA recommended ex-depot is higher than the Landing Cost).

Download the full implementation guidelines here