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.
¾ 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.
¾ 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 ex-depot prices of Kerosene Oil and E-10 Gasoline, effective April 01, 2012 will be as follows:-
¾ The maximum ex-depot prices for various POL products, computed by PSO, per Federal Government approved formula, effective April 01, 2012, are reproduced below for information.
¾ The above revision has been approved by Federal Government owing to changes in international POL prices and exchange rate which are tabulated below.
|Base Product C&F||Unit||Effec Mar||Effec Apr||Difference||%age|
|Naphtha||$ / MT||1,007.76||1,067.67||59.90||5.9%|
|HSFO||$ / MT||737.58||764.05||26.47||3.6%|
|Kerosene Oil||$ / BBL||131.03||136.40||5.36||4.1%|
|Gas Oil||$ / BBL||131.77||136.16||4.39||3.3%|
|Gasoline 95 RON||$ / BBL||129.38||136.23||6.85||5.3%|
¾ OGRA had, however, recommended to Federal Government that POL prices be kept unchanged by absorbing the said increase in Petroleum Levy, to provide relief to public at large. Also, OGRA had reminded Federal Government not to change HSD prices till June 30, 2012, in line with decision of Special Committee on Review of Petroleum Prices. OGRA had also advised Federal Government not to pass on the additional impact of unaudited PARCO Price Differential Claim (PDC) amounting to Rs. 328.43 million to public at large. All OGRA’s proposals have, however, been rejected by the Federal Government.
¾ 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
Tel: +9251 922 1707