New prices of Petroleum products
Islamabad: Federal Government, in pursuance of ECC decision of October 06, 2010, has deregulated the ex-refinery/ex-depot prices of Motor Spirit, HOBC, LDO and Jet fuels (JP-1, JP-4 and JP-8) w.e.f. June 01, 2011.
The Oil and Gas Regulatory Authority (OGRA) will, however, continue to compute/notify ex-refinery prices of HSD and Kerosene including ex-depot prices of Kerosene Oil and E-10 Gasoline on monthly basis.
The ex-depot prices of Kerosene Oil and E-10 Gasoline, effective November 01, 2011 will beas follows:-
| Rs/Litre | ||||
| Revised | ||||
| Product | Existing | w.e.f. | Difference | %age |
| Price | November | inc/(dec) | ||
| 01, 2011 | ||||
| Kerosene Oil | 86.62 | 85.76 | (0.86) | -1.0% |
| E-10 Gasoline | 86.45 | 84.91 | (1.54) | -1.8% |
The maximum ex-depot prices for various POL products, computed by PSO effective November 01, 2011, are reproduced below for information.
| Revised | ||||
| Product | Existing | w.e.f. | Difference | %age |
| Price | November | inc/(dec) | ||
| 01, 2011 | ||||
| MS | 88.95 | 87.41 | (1.54) | -1.7% |
| HOBC | 112.65 | 106.72 | (5.93) | -5.3% |
| LDO | 83.52 | 81.99 | (1.53) | -1.8% |
| HSD | 94.15 | 94.15 | - | 0.0% |
The revision in local POL prices was necessitated owing to changes in international POL prices and exchange rate which are tabulated below. However, in case of MS and HSD, the Federal Government has increased the Petroleum Levy (PL) from Rs. 6.54 to Rs. 9.52/Litre and from Rs. 4.29/Litre to Rs. 4.44/Litre respectively to mitigate its budgetary constraint.
It is further pointed out that PL of Rs. 4.44/Litre, in case of HSD, and Rs. 9.52/Litre, in case of MS, is still lower than the budgeted levy of Rs. 8/Litre and Rs. 10/Litre respectively on this account.
| Base Product C and F
|
Effec Oct | Effec Nov | Difference | ||
| Comparison | Unit | %age | |||
| 01,2011 | 01,2011 | Inc/(dec) | |||
| Naphtha | $ / MT | 933.75 | 878.79 | (54.96) | -5.9% |
| HSFO | $ / MT | 671.30 | 667.17 | (4.14) | -0.6% |
| Kerosene Oil | $ / BBL | 123.45 | 122.55 | (0.90) | -0.7% |
| Gas Oil | $ / BBL | 122.29 | 120.56 | (1.73) | -1.4% |
| Gasoline 95 RON | $ / BBL | 124.17 | 121.39 | (2.77) | -2.2% |
| Exchange rate Rs | 87.53 | 87.15 | (0.37) | -0.4% | |
Detailed computations are available at OGRA’s website (www.ogra.org.pk).
For more information, contact:
Oil and Gas Regulatory Authority (OGRA)
Plot #54, Fazal-e-Haq Road, Near PIA Building, Blue Area, Islamabad, Pakistan
Email: registrar@ogra.org.pk
Tel: +9251 922 1707
Category: Oil and Gas
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