ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet has approved Petroleum Division summary to revise the premium on High Speed Diesel (HSD)/Gas Oil Premium on fortnightly basis.

Petroleum Division submitted a summary on High Speed Diesel (HSD)/Gas Oil Premium. This summary was meant to facilitate and provide level playing field to oil companies vis-à-vis PSO. The chair after deliberation approved the summary and directed to revise the premium on fortnightly basis. Therefore, its impact would increase or decrease depending on the international energy market.

Federal Minister for Finance and Revenue Shaukat Tarin presided over a meeting of Economic Coordination Committee (ECC) of the Cabinet. Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Privatization Muhammad Mian Soomro, federal secretaries and other senior officials attended the meeting.