The federal government has formed a committee to examine Rs72 billion in alleged OMC windfall profits.
Finance Minister Muhammad Aurangzeb will lead the panel. Prime Minister Shehbaz Sharif approved it before the federal budget 2026-27.
The committee will review the petroleum sector’s Price Differential Claims mechanism. It will also check subsidy calculations, inventory treatment and fiscal exposure.
The ministers for economic affairs, planning and law will serve on the panel. Former bureaucrat Musharraf Rasul will work as the chief technical adviser.
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Petroleum subsidy exposure in 2022 is estimated to have ranged between Rs100 billion and Rs150 billion, while weekly PDC liabilities in 2026 reportedly stood between Rs23 billion and Rs48 billion.
Officials said authorities will also determine whether reimbursements were extended for petroleum stocks imported at lower international prices.
Officials also flagged high petroleum levies and Inland Freight Equalisation Margin charges. These charges continued even as public reimbursements flowed through the fuel supply chain.
