Ogra oil pricing formula

Must read. The price of any petrol product, after combining all these factors, is always uniform across the nation. In real terms, if the POL products are picked from a refinery in Karachi and delivered to retail outlets within or around the city, the cost of the product would be much lower — say Rs. This would mean that consumers of POL products would pay different prices at different locations. Dunya Blog. It is important to explore the strengths of the bill as well as address its shortcomings. Oil pricing mechanism August 08,

Before the pandemic took the world in its grip what was the state of play in Pakistan? Read more. In the interest of providing a level playing field and fair price competition, there are strong grounds that the IFEM formula should not be incorporated in the POL pricing structure that is currently followed by oil marketing companies under OGRA recommendations. Clashes continue to rock occupied Kashmir. Rights group says Saudi Arabia is holding a senior prince incommunicado since March. For example, if gasoline is available at a certain price in Karachi, it is sold at the same price in Peshawar or Chitral — and everywhere else in the country.

In the interest of providing a level playing field and fair price competition, there are strong grounds that the IFEM formula should not be incorporated in the POL pricing structure that is currently followed by oil marketing companies under OGRA recommendations. Many quarters have asked the government to do away with the concept of IFEM and eliminate the freight equalization margin so that the accruing benefits can be passed on to the consumer. Recent articles. This recommendation is for increase in natural gas prices for the consumers all across the spectrum. This would have the following benefits: Minimal increase in the fertiliser prices Would promote healthy competition among the fertiliser industry Instead of windfall profits for the new fertiliser plants — that enjoy a fixed dollarised feed price for 10 years — the relatively less price increase would benefit the farming community at large having low negative impact on farm economics Another important factor that needs urgent attention of the GoP is the settlement of the long outstanding Gas Infrastructure Development Cess GIDC. Regional leaders denounce coup attempt in Venezuela.

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It is important to explore the strengths of the bill as well as address its shortcomings. But the OCAC follows the formula given by the government and cannot change any of its elements without prior approval from ECC and the government and hence benefiting from setting the price does not arise. Abbas Nasir. Views View View form History. May 10, Mourning processions MOST experts are of the firm view that social distancing and avoiding large crowds is the best way to keep the This would lead to optimization of the new WOP, reduce freight element by approximately Rs0.
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Like many other countries, Pakistan also suffers from the phenomenon of not being a full-fledged oil-producing country. NED university professor builds ventilator to The price of any petrol product, after combining all these factors, is always uniform across the nation. This would lead to optimization of the new WOP, reduce freight element by approximately Rs0. If there were no requirement for the enforcement of a standardized formula across Pakistan, the customer would be paying different prices for a litre of gasoline in Karachi, Hyderabad, Lahore, Gilgit or elsewhere. As the distance of the retail outlet increases from the refinery, the prices of POL products would become higher. At the same time the fuel price increase is also on the cards, though nowhere close to the unjust and uncalled for increase in the feedstock prices.
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Vaccine orders plummet amid coronavirus outbreak. The country would witness unparalleled turmoil in it and undoubtedly it would become the worst performing sector of the already fragile economy that is reeling from recent input energy price hikes. This is a living document. Mohammad Hussain Khan. NED university professor builds ventilator to Muhammad Alamgir Khan December 03, Any abrupt changes in the fertiliser price would have direct negative impact on the food security of the country.
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Global coronavirus cases surpass 4 million mark. US reversal prevents UN vote on pandemic truce. This places extra pressure on the oil marketing companies but since they are bound to maintain the oil pricing formula which includes IFEM as recommended by OGRA, they have to absorb the cost in the retail price. Syed Rashid Husain. This would mean that consumers of POL products would pay different prices at different locations. This is the mechanism followed in many countries around the world, including the United States. For example, if gasoline is available at a certain price in Karachi, it is sold at the same price in Peshawar or Chitral — and everywhere else in the country.
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May 10, Mourning processions MOST experts are of the firm view that social distancing and avoiding large crowds is the best way to keep the ANON Lahore. This would mean that consumers of POL products would pay different prices at different locations. The price of any petrol product, after combining all these factors, is always uniform across the nation. Rights group says Saudi Arabia is holding a senior prince incommunicado since March. Abbas Nasir.
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