ECC approves rationalisation of subsidies on essential commodities Business February 20, 2021 ISLAMABAD: Economic Coordination Committee (ECC) of the cabinet on Friday approved rationalisation of subsidies on essential commodities available through Utility Stores Corporation (USC) due to increase in their prices. The prices of edible oil at USCs would increase to Rs200/litre from Rs175/liter, according to the sources. The ECC approved only partial rationalisation and directed officials to provide maximum relief to the consumers despite significant price differential between subsidised price offered by the USCs and the prevailing prices in the domestic markets. The decision was taken during a meeting presided over by Minister for Finance and Revenue Hafeez Shaikh.