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Federal Government, in pursuance of Economic Coordination Committee decision of October 06, 2010

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:-

 

Rs/Litre
Product Existing Price w.e.f Difference %age
Price April 01 nc/(dec)
2012
Kerosene Oil 96.40 101.69 5.29 5.5%
E-10 Gasoline 95.17 103.18 8.01 8.4%

 

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.

 

 

Rs/Litre
Product Existing Revised Difference %age
Price w.e.f Apr inc/(dec)
01, 2012
MS 97.66 105.68 8.02 8.2%
HOBC 126.87 135.81 8.94 7.0%
LDO 93.29 98.74 5.45 5.8%
HSD 103.46 108.16 4.70 4.5%

 

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
Comparison 01,2012 01,2012 Inc/(dec)
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%
Exchange rate Rs 90.75 90.93 0.18 0.2%

 

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
Email: registrar@ogra.org.pk
Tel: +9251 922 1707

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