SBP assures petroleum dealers of subsidy payment within 48 hours
ISLAMABAD/KARACHI: Federal Minister for Petroleum Ali Pervaiz Malik on Thursday held a meeting with representatives of Petroleum Pump Dealers’ Associations to brief them on the mechanism for the implementation of the Prime Minister’s Fuel Relief Scheme. The meeting was informed that funds for three months have been earmarked for the Fuel Relief Scheme, out of which Rs25 billion for the first…
Federal Minister for Petroleum Ali Pervaiz Malik convened a meeting with representatives from Petroleum Pump Dealers’ Associations on Thursday to provide an update on the Prime Minister’s Fuel Relief Scheme. It was disclosed that the scheme has been allocated funds for three months, with Rs25 billion from the first month already transferred to the State Bank of Pakistan (SBP) to expedite reimbursements.
The participants received a comprehensive briefing on the relief scheme's operations, including the process for assisting eligible consumers. During the meeting, queries and concerns from the petroleum pump and dealers’ associations were addressed. The SBP assured that claims filed under the scheme would be processed within 48 hours, guaranteeing prompt reimbursement to participating petroleum dealers.
Additionally, the Ministry of IT and Telecommunications provided an overview of the digital system implemented for the scheme's execution, emphasizing that a dedicated control room has been set up to respond to petrol pumps’ inquiries and complaints. Petrol pumps may reach the control room via 9772 for support. The petroleum pump and dealers’ representatives expressed their full support for the government's initiative and commended the scheme.
Federal Minister Malik acknowledged the dealers’ cooperation and underscored the significance of coordination among all stakeholders for the scheme's efficient, transparent, and timely execution. Key officials from the Petroleum Division, the Ministry of IT, Oil and Gas Regulatory Authority, and various dealers’ associations attended the meeting.
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