Difference between revisions of "Fuel Prices Pakistan"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Pakistan
 
|Fuel Price Country=Pakistan
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|Fuel Pricing Policies=The downstream sector is open to private oil companies in Pakistan.
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|Fuel Pricing Policies="Pricing policy: Ex-depot prices of automotive diesel have been deregulated since Jun 2002. Government was setting ceilings for ex-depot prices of other fuels based on an import-parity formula until Jun 2011, when these prices were also deregulated except kerosene. Ex-refinery prices cannot exceed the average of Pakistan State Oil’s (PSO) import prices in the preceding two weeks, excluding PSO import incidentals. If PSO prices are not available, ex-refinery prices are based on an import-parity formula. For LPG, government sets ceilings for ex-refinery or ex-processing plant prices of domestically produced LPG but not imported LPG. In 2012, Ministry of Petroleum and Natural Resources reported on its Web site that fuel prices were being subsidized through adjustments in the Petroleum Levy. E10 has higher octane and is cheaper than pure gasoline.
  
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The Oil and Gas Regulatory Agency (OGRA, http://www.ogra.org.pk) sets maximum depot and pump prices and also enforces these prices. OGRA also carefully monitors prices. OGRA is the licensor for all companies taking part in the downstream sector. Oil companies are forced to report their pump prices to OGRA for each of their gas stations on a weekly basis. OGRA publishes this data, along with historical price statistics, price composition statistics and a detailed description of the price structure.
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Hedging: In Aug 2009, State Bank of Pakistan rejected the finance ministry’s proposal to hedge oil prices for a year. Hedging losses suffered by the Pakistan International Airlines in 2008 were questioned by the Public Accounts Committee of the National Assembly in June 2010.
  
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There is no fuel levy on diesel, which, altogether with higher refinery prices, results in almost identical pump prices for diesel and gasoline.
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Information: Oil companies are required to notify their selling prices to Oil and Gas Regulatory Authority (OGRA), and the prices are posted on OGRA’s Web site by company and location. In addition, OGRA continues to compute and notify ex-refinery prices of diesel, kerosene, and gasoline (containing 10% ethanol) every month. Maximum prices of other fuels computed by Pakistan State Oil (PSO) are also posted for information. OGRA also posts the findings of inspections to check compliance and commercial malpractice."
  
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"Ex-depot prices of automotive diesel have been deregulated since Jun 2002. Government was setting ceilings for ex-depot prices of other fuels based on an import-parity formula until Jun 2011, when these prices were also deregulated except kerosene. For LPG, government sets ceilings for ex-refinery or ex-processing plant prices of domestically produced LPG but not imported LPG. Oil companies are required to notify their selling prices to Oil and Gas Regulatory Authority (OGRA), and the prices are posted on OGRA’s Web site by company and location. In addition, OGRA continues to compute and notify ex-refinery prices of diesel, kerosene, and gasoline (containing 10% ethanol) every month. Maximum prices of other fuels computed by Pakistan State Oil (PSO) are also posted for information. In Aug 2009, State Bank of Pakistan rejected the finance ministry’s proposal to hedge oil prices for a year. LPG was being sold far above the maximum prices set by OGRA in Jan 2009. All Pakistan LPG Distributors Association claimed in Mar 2012 that the ‘Gas Mafia’ had made estimated billions of rupees during last 6 years by creating artificial shortages of LPG, especially in winter, and selling the domestic product as imported gas. OGRA said in Dec 2011 that smuggling of low-quality LPG and LPG cylinders from Iran was a serious concern, which also posed a threat to public safety." (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
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(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
|Fuel Currency=PKR
 
|Fuel Currency=PKR
 
|Fuel Price Exchange Rate=85.07
 
|Fuel Price Exchange Rate=85.07
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|Fuel Transparency Price Composition=3
 
|Fuel Transparency Price Composition=3
 
|Fuel Transparency Pricing Mechanism=3
 
|Fuel Transparency Pricing Mechanism=3
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=86
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=86
 
|Fuel Price Factsheet Source Annotation=Maximum prices
 
|Fuel Price Factsheet Source Annotation=Maximum prices
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=137
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=137
 
|Fuel Price Factsheet Source Annotation=Monitored prices
 
|Fuel Price Factsheet Source Annotation=Monitored prices
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Wholesale Prices
 
|Fuel Price Factsheet Source Type=Wholesale Prices
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=86
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=86
 
|Fuel Price Factsheet Source Annotation=Maximum Prices
 
|Fuel Price Factsheet Source Annotation=Maximum Prices
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Price Composition
 
|Fuel Price Factsheet Source Type=Price Composition
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=86
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=86
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=28
 
|Fuel Price Factsheet Source Link=http://www.ogra.org.pk/cats_disp.php?cat=28
 
|Fuel Price Factsheet Source Annotation=Press releases
 
|Fuel Price Factsheet Source Annotation=Press releases
 
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[[Category:Pakistan]]

Latest revision as of 16:01, 15 July 2014

Part of: GIZ International Fuel Price database
Also see: Pakistan Energy Situation

Fuel Pricing Policies

Local Currency: PKR
Exchange Rate: 85.07


(2010/11/17)

Last Update:

"Pricing policy: Ex-depot prices of automotive diesel have been deregulated since Jun 2002. Government was setting ceilings for ex-depot prices of other fuels based on an import-parity formula until Jun 2011, when these prices were also deregulated except kerosene. Ex-refinery prices cannot exceed the average of Pakistan State Oil’s (PSO) import prices in the preceding two weeks, excluding PSO import incidentals. If PSO prices are not available, ex-refinery prices are based on an import-parity formula. For LPG, government sets ceilings for ex-refinery or ex-processing plant prices of domestically produced LPG but not imported LPG. In 2012, Ministry of Petroleum and Natural Resources reported on its Web site that fuel prices were being subsidized through adjustments in the Petroleum Levy. E10 has higher octane and is cheaper than pure gasoline.

Hedging: In Aug 2009, State Bank of Pakistan rejected the finance ministry’s proposal to hedge oil prices for a year. Hedging losses suffered by the Pakistan International Airlines in 2008 were questioned by the Public Accounts Committee of the National Assembly in June 2010.

Information: Oil companies are required to notify their selling prices to Oil and Gas Regulatory Authority (OGRA), and the prices are posted on OGRA’s Web site by company and location. In addition, OGRA continues to compute and notify ex-refinery prices of diesel, kerosene, and gasoline (containing 10% ethanol) every month. Maximum prices of other fuels computed by Pakistan State Oil (PSO) are also posted for information. OGRA also posts the findings of inspections to check compliance and commercial malpractice."

(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition for one litre of Gasoline 95 Octane as of 2009/01/21.


GIZ IFP2012 Pakistan.png


(*IPP=Import Parity Price)

(**Freight Costs to the depots, also called „primary transport“ by OGRA)

(***An additional „secondary transport“ levy is not included in this pump price calculation; this levy can be additionally charged in several regions, based on actual transport distances.)

Source: http://www.ogra.org.pk



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition 		Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
 IFPDB trafficlight green.png IFPDB trafficlight explanation.png IFPDB trafficlight green.png



Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.ogra.org.pk/
Other Information http://www.ogra.org.pk/cats_disp.php?cat=28 (Press releases)
Price Composition http://www.ogra.org.pk/cats_disp.php?cat=86
Pump prices and margins http://www.ogra.org.pk/cats_disp.php?cat=86 (Maximum prices)
Pump prices and margins http://www.ogra.org.pk/cats_disp.php?cat=137 (Monitored prices)
Wholesale Prices http://www.ogra.org.pk/cats_disp.php?cat=86 (Maximum Prices)


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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