Government deregulates ex-refinery/ex-depot prices of POL products : AsiaNet-Pakistan

Government deregulates ex-refinery/ex-depot prices of POL products

[ 0 ] August 1, 2012 | Misc. | Share:

Islamabad, August 01, 2012 (PPI-OT): Federal Government, in pursuance of ECC decision of October 15, 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.

Further, Petroleum Product Prices notification will be on fortnightly basis, pursuant to ECC decision of May 15, 2012.

HSD ex-depot price is already deregulated since June 2002. Per the ECC decision, refineries/Oil Marketing Companies (OMCs) will fix / announce ex-refinery / ex-depot prices of above mentioned POL products.

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, on Federal Government given formula and Petroleum Levy.

The revised ex-depot prices of Kerosene Oil and E-10 Gasoline, effective August 01, 2012 will be as follows:-

Rs/Litre
Product Effective July Effective Difference %age
16, 2012 August 01, 2012 Inc/(dec)
Kerosene

88.19

92.83

4.64

5.3%

E-10 Gasoline

83.40

91.07

7 .67

9.2%

The maximum ex-depot prices for various POL products, per Federal Government approved formula, effective August 01, 2012, are reproduced below for information.

Rs/Litre
Product Effective July Effective Difference   %age
16, 2012 August 01, 2012 Inc/(dec)
HSD

97.21

101.79

4.58

4.7%

MS

85.90

93.57

7.67

8.9%

HOBC

112.52

120.16

7.64

6.8%

LDO

85.33

90.11

4.78

5.6%

International POL prices have increased effective August 01, 2012, as tabulated below;

Product Unit Effective July Effective Difference %age
16, 2012 August 01, Inc/(dec)
2012
HSFO C and F    $ / MT

6 22.94

648.91

25.97

4.2%

Kerosene Oil C and F    $ / BBL

112.49

118.89

6.40

5.7%

Gas Oil/HSD C and F    $ / BBL

111.61

118.23

6.62

5.9%

Gasoline 95 RON C and F    $ / BBL

105.17

115.38

10.21

9.7%

Exchange Rate Rs/US$

94.55

94.58

0.03

0.0%

OGRA had recommended to Federal Government to keep the prices of MS, HSD, HOBC, Kerosene and LDO unchanged by adjusting the increase in Petroleum Levy.

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

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Category: Misc.

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