Government deregulate ex-refinery/ex-depot prices of Motor Spirit, HOBC, LDO and Jet fuels

Islamabad, August 16, 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 exrefinery 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 16, 2012 will be as follows:-

Rs/Litre
Product Effective Effective Difference %age
August 01, 2012 August 16, 2012 Inc/(dec)
Kerosene 92.83 92.83 0.0%
E-10 Gasoline 91.07 91.07 0.0%

The maximum ex-depot prices for various POL products, per Federal Government approved formula, effective August 16, 2012, are reproduced below for information.

Rs/Litre
Product Effective Effective Difference %age
August 01, 2012 August 16, 2012 Inc/(dec)
HSD 101.79 101.79 0.0%
MS 93.57 93.57 0.0%
HOBC 120.16 120.16 0.0%
LDO 90.11 90.11 0.0%

International POL prices have increased effective August 16, 2012, as tabulated below;

Product Unit Effective Effective Difference %age
August 01, August 16, Inc/(dec)
2012 2012
HSFO C and F   $ / MT 648.91 671.67 22.77 3.5%
Kerosene Oil C and F   $ / BBL 118.89 123.98 5.09 4.3%
Gas Oil/HSD C and F   $ / BBL 118.23 123.31 5.08 4.3%
Gasoline 95 RON C and F   $ / BBL 115.38 123.82 8.44 7.3%
Exchange Rate Rs/US$ 94.58 94.55 (0.03) 0.0%

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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