Implementation Guidelines

PSF Implementation Guidelines

November 24, 2014 // 0 Comments

The Government established the Petroleum Support Fund (PSF) with effect from January 2006 as an interventionist fund. Funding: 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. The PSF account is expected to be supplemented with the accruals during the period of over-recovery (over-recovery here [...]