Price differential claims: government pays PSO, Shell Rs 72 billion

The government has paid Rs 72 billion to Pakistan State Oil and Shell as price differential claims (PDCs). PSO got major share of Rs 62 billion while Shell received Rs 10 billion. Sources said PSO paid back Rs 42 billion to banks and Rs 20 billion to refineries. Shell also cleared Rs 7.5 billion loan of the commercial banks and Rs 2.5 billion to refineries.
Clearance of PDC will help improve liquidity position of the oil marketing companies besides ensuring smooth supply of petroleum products to the market.