ISLAMABAD: The government on Monday notified a new head of account to establish a price stabilisation fund for petroleum products, following a June 5 decision by the federal cabinet. “All proceeds received in the name of the Petroleum Prices Stabilisation Fund will be credited to the Public Account of the Federation under the major head ‘Special Deposit Fund’,” stated a notification issued by the Ministry of Finance. The notification explained that the modalities, including the operating procedures for governing the Fund, would be finalised by the finance division, the petroleum division and the Oil and Gas Regulatory Authority (Ogra) in accordance with legal and financial requirements.