Fuel Prices Pakistan
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.
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 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.
(*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.)
At a Glance
Sources to the Public
|Type of Information||Web-Link / Source|
|Other Information||http://www.ogra.org.pk/cats_disp.php?cat=28 (Press releases)|
|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)|