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 [...]

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 [...]