Petroleum Products Prices Effective from June 01, 2011
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 December 01, 2011 will be as follows:-
| Revised | ||||
| Product | Existing | w.e.f. | Difference | |
| Price | December | inc/(dec) | %age | |
| 01, 2011 | ||||
| Kerosene Oil | 85.76 | 89.24 | 3.48 | 4.1% |
| E-10 Gasoline | 84.91 | 85.39 | 0.48 | 0.6% |
The maximum ex-depot prices for various POL products, computed by PSO effective December 01, 2011, are reproduced below for information.
| Revised | ||||
| Product | Existing | w.e.f. | Difference | |
| Price | December | inc/(dec) | %age | |
| 01, 2011 | ||||
| MS | 87.41 | 87.89 | 0.48 | 0.5% |
| HOBC | 106.72 | 106.78 | 0.06 | 0.1% |
| LDO | 81.99 | 86.78 | 4.79 | 5.8% |
| HSD | 94.15 | 98.82 | 4.67 | 5.0% |
The above revision has been approved by Federal Government owing to changes in international POL prices and exchange rate which are tabulated below.
Furthermore, Federal Government has also increased Petroleum Levy (PL), in case of MS, HOBC and HSD to mitigate its budgetary constraint. PL, in case of MS has been increased from Rs. 9.52 to Rs. 9.94/Litre, from Rs. 6.13 to Rs. 7.62/Litre in case of HOBC and from Rs. 4.44/Litre to Rs. 5.09/Litre in case of HSD.
It is further pointed out that PL of Rs. 5.09/Litre, in case of HSD, Rs. 7.62/Litre, in case of HOBC, and Rs. 9.94/Litre, in case of MS, is still lower than the budgeted levy of Rs. 8/Litre, Rs. 14/Litre and Rs. 10/Litre respectively on this account.
| Base Product C and F | |||||
| Comparison | Unit | Effec Nov | Effec Dec | Difference | |
| 01,2011 | 01,2011 | I nc/(dec) | %age | ||
| Naphtha | $ / MT | 878.79 | 870.51 | (8.29) | -0.9% |
| HSFO | $ / MT | 667.17 | 700.91 | 33.74 | 5.1% |
| Kerosene Oil | $ / BBL | 122.55 | 128.72 | 6.17 | 5.0% |
| Gas Oil | $ / BBL | 120.56 | 128.39 | 7.83 | 6.5% |
| Gasoline 95 RON | $ / BBL | 121.39 | 113.39 | (8.00) | -6.6% |
| Exchange rate | Rs | 87.15 | 86.88 | (0.27) | -0.3% |
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
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
