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Oil and Gas

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 October 01, 2011 will be as follows:-

 

Revised

Existing

Price

01, 2011

Product  w.e.f

October

 Difference

inc/(dec)

%age
Kerosene Oil  86.62 86.62 0.0%
E-10 Gasoline 82.30 86.45 4.15 5.0%

 

The maximum ex-depot prices for various POL products, computed by PSO’s effective October 01, 2011, are reproduced below for information.

 

Revised

Existing

Price

01, 2011

Product  w.e.f

October

Difference

inc/(dec)

%age
MS  84.80  88.95 4.15 4.9%
HOBC 109.93 112.65 2.72 2.5%
LDO  83.52 83.52 0.0%
HSD  92.64  94.15  1.51  1.6%

 

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 HSD, the Federal Government has increased the Petroleum Levy (PL) from Rs. 2.52/Litre to Rs. 4.29/Litre to mitigate its budgetary constraint. It is further pointed out that PL of Rs. 4.29/Litre is approximately 50% of budgeted levy of Rs. 8/Litre on this account.

Base Product C and F

Comparison  Unit

26,2011

Effect Aug

01,2011

 Effect Oct

Inc/(dec)

Difference %age
Naphtha  $ / MT 926.29  933.75 7.46  0.8%
HSFO $ / MT  663.36   671.30 7.94 1.2%
Kerosene Oil  $ / BBL 124.32  123.45 (0.87)  -0.7%
Gas Oil  $ / BBL 122.33 122.29  (0.04)  0.0%
Gasoline 95 RON $ / BBL 120.82 124.17 3.35 2.8%
Exchange rate Rs 86.72 87.53  0.81  0.9%

 

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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