Annex-I

OIL AND GAS REGULATORY AUTHORITY

Ex - Refinery Sale Price Calculation
With effect from September 16, 2008.

Arab Gulf FOB Mean Prices

SR.NO

1
2
3
4
5
6
7
8
9
10
11

PRICES
EFFECTIVE

Friday, August 29, 2008

Monday, September 01, 2008
Tuesday, September 02, 2008
Wednesday, September 03, 2008
Thursday, September 04, 2008
Friday, September 05, 2008
Monday, September 08, 2008
Tuesday, September 09, 2008
Wednesday, September 10, 2008
Thursday, September 11, 2008
Friday, September 12, 2008

$/MT

N A P H T H A
$/MT

$/MT

$/MT

H S F O 180 CST
$/MT

$/MT

$/BBL

K E R O S E N E
$/BBL

$/BBL

$/BBL

GAS OIL
$/BBL

$/BBL

GASOLINE 95 RON UNLEADED *

$/BBL
$/BBL
$/BBL

LOW

HIGH

AVG

LOW

HIGH

AVG

LOW

HIGH

AVG

LOW

HIGH

AVG

LOW

932.11000
936.16000
850.46000
860.31000
876.31000
845.91000
851.41000
834.41000
825.16000
813.91000
835.36000

935.61000
939.16000
854.71000
864.81000
880.81000
851.41000
857.41000
840.41000
830.91000
819.41000
838.86000

933.86000
937.66000
852.58500
862.56000
878.56000
848.66000
854.41000
837.41000
828.03500
816.66000
837.11000

675.72000
674.73000
625.47000
633.11000
626.65000
606.22000
596.60000
583.01000
575.82000
563.29000
560.11000

675.76000
674.77000
625.51000
633.15000
626.69000
606.26000
596.64000
583.05000
575.86000
563.33000
560.15000

862.50091

675.74000
674.75000
625.49000
633.13000
626.67000
606.24000
596.62000
583.03000
575.84000
563.31000
560.13000

130.14000
130.09000
118.29000
121.47000
123.74000
118.90000
119.80000
117.53000
116.05000
115.35000
116.30000

130.18000
130.13000
118.33000
121.51000
123.78000
118.94000
119.84000
117.57000
116.09000
115.39000
116.34000

610.99545

130.16000
130.11000
118.31000
121.49000
123.76000
118.92000
119.82000
117.55000
116.07000
115.37000
116.32000

123.97000
124.66000
114.28000
117.45000
120.25000
115.55000
116.39000
114.21000
112.30000
110.47000
112.16000

124.01000
124.70000
114.32000
117.49000
120.29000
115.59000
116.43000
114.25000
112.34000
110.51000
112.20000

120.71636

123.99000
124.68000
114.30000
117.47000
120.27000
115.57000
116.41000
114.23000
112.32000
110.49000
112.18000

HIGH

111.92000
113.46000
101.87000
103.38000
105.40000
102.08000
104.77000
103.57000
102.77000
101.96000
104.93000

111.96000
113.50000
101.91000
103.42000
105.44000
102.12000
104.81000
103.61000
102.81000
102.00000
104.97000

116.53727

Selling

AVG

111.94000
113.48000
101.89000
103.40000
105.42000
102.10000
104.79000
103.59000
102.79000
101.98000
104.95000

105.12091

IMPORT PARITY PRICES:

MARINE
INSUR. ***

PRODUCTS

NAPHTHA
MOGAS
HOBC
KERO
JP-1
JP-4
JP-8
HSD
LDO
PREMIUM (Including freight)
WHITE PRODUCTS : $/BBL
BLACK PRODUCTS : $/MTON

FOB PRICE

PREMIUM incl.
FREIGHT

C&F

$/MTON

$/MTON

$/MTON

862.50091
822.90708
903.18146
963.09459
979.24602
912.79775
963.09459
875.87672
822.90047

43.33475
42.65874
40.44577
40.98147
42.09434
40.44577
38.10206
27.17842

862.50091
866.24183
945.84020
1,003.54036
1,020.22749
954.89209
1,003.54036
913.97878
850.07889

OCEAN
LOSSES/

C&F

0.108%
0.09%

L/C COMM.
0.15%

BANK CH.
0.10%

RS/MTON

RS/MTON

RS/MTON

RS/MTON

66,192.80484
66,479.90212
72,588.69512
77,016.90564
78,297.56277
73,283.38443
77,016.90564
70,143.48427
65,239.47443

71.79829
78.39579
83.17826
84.56137
79.14606
83.17826
75.75496
58.71553

99.71985
108.88304
115.52536
117.44634
109.92508
115.52536
105.21523
97.85921

66.47990
72.58870
77.01691
78.29756
73.28338
77.01691
70.14348
65.23947

HANDLING CHGS
Tariff ****
0.65%
7.50%
RS/MTON

RS/MTON

432.11936
471.82652
500.60989
508.93416
476.34200
500.60989
455.93265
424.05658

5,366.50251
-

5.06956 (1 BBL = 158.984 LITERS)

27.17842 (FUEL OIL) - 180 CST

Notes

MOGAS and HOBC have been linked with Arab Gulf Gasoline 95 RON price on prorata basis w.e.f 16th August, 2008.
Weighted Average Selling Exchange Rate during last 15 days period, as provided by State Bank of Pakistan, has been adopted in line with the Federal Government advice.
*** Marine Insurance for LDO is 0.09% and for the rest of products is 0.108%
**** HSD 7.5% w.e.f 16th August, 2008.
*

**

WHARFAGE
3.857

TOTAL COST

CONV.FACT

TOTAL PRICE
Ex-Ref. before PDC

PDC

IMPORT PARITY
PRICE

RS/MTON

RS/MTON

LITERS/MT

RS/LITERS

RS/LITERS

RS/LITERS

135.90
133.78
38.05
38.56
39.60
38.05
35.85
34.52

67,285.91952
73,454.16917
77,831.28606
79,125.36220
74,061.68095
77,831.28606
76,252.88310
65,919.86522

1,415.10
1,359.00
1,337.80
1,268.40
1,285.20
1,320.10
1,268.40
1,194.90
1,150.80

49.51
54.91
61.36
61.57
56.10
61.36
63.82
57.28

(10.93)

(9.49)

Exchange Rate **

49.51
54.91
50.43
61.57
56.10
61.36
63.82
47.79

76.1993
76.8242
76.8242
77.2942
77.1327
76.9701
76.4163
76.5887
76.6559
76.6427
76.6489

76.74520

Annex - II

OIL AND GAS REGULATORY AUTHORITY

Ex - Depot Sale Price Calculation
With effect from September 16, 2008.

MOTOR GASOLINE
Retail
Rail/Def
Direct
Ex-refinery
OMC IFEM
Refinery IFEM*

Dist. margin
Dealers margin
Pet. Development levy
Price before Sales Tax
Sales tax
Max. ex-depot sale price
Max. ex-depot sale price

49.51
0.62
0.73
1.35
50.86
1.70
1.95
15.89
70.40
11.26
81.66

49.51
49.51
17.84
67.35
10.78
78.13

81.66

H.O.B.C.
Rail/Def

Retail

49.51
0.62
0.73
1.35
50.86
1.70
17.84
70.40
11.26
81.66

54.91
1.87
1.00
2.87
57.78
1.84
2.10
21.11
82.83
13.25
96.08

81.66

96.08

54.91
54.91
23.21
78.12
12.50
90.62

Direct
54.91
1.87
1.00
2.87
57.78
1.84
23.21
82.83
13.25
96.08
96.08

KEROSENE
Direct
Rail/Def
50.43
0.88
0.81
1.69
52.12
1.22
53.34
8.53
61.87

50.43

50.43
50.43
8.07
58.50

61.87

L.D.O.
Direct
Rail/Def
47.79
2.41
0.30
2.71
50.50
1.22
51.72
8.28
60.00

47.79

J.P. - 4
Defense

J.P. - 8
Defense
Domestic
Ex-Parco Other refineries
56.10
61.36
61.36
61.57
-

47.79
47.79
7.65
55.44

60.00

56.10
3.00
59.10
9.46
68.56
68.56

2.43
63.79

3.00
66.79
10.69
77.48

61.36
3.00
64.36
10.30
74.66

77.48

74.66

Foreign
Ex Refinery
Ex Refinery
Distributor margin
Into plane price
Into plane price
Exchange rate

in US $
US cents
in Pak Rs.

Per bbl

132.576
10,174.57

Per ton

1071.722
82,249.52

Per liter

0.834

Technical landing
Ex Refinery
Ex Refinery
Distributor margin
Into plane price

64.00

Into plane price

$/gallon
3.03657
3.03657
0.10000
in US $
3.13657
US cents
313.66
in Pak Rs.
240.717

Per bbl

131.736
10,110.11

76.74520

* IFEM as determined by OGRA subject to adjustment on the basis of actual monthly freight computation. In case of JP-8 Ex-PARCO, inland freight cost has been included per MPNR's advice.

Per ton

1064.932
81,728.42

61.57

61.57
0.02
61.59
9.85
71.44

61.57
0.02
61.59
61.59

61.57
0.02
61.59
61.59

71.44

61.57
$/gallon
3.03657
3.03657
0.12000
3.15657
315.66
242.25

61.57

Technical

Price build up for JP-1

Domestic
IPP price

J . P . - 1
Foreign

Per liter

0.829
63.59

61.59

61.59