CRISES - Latest News
Petroleum Prices Increased
Islamabad, December 31,
The international prices for all petroleum products registered both upward
and downward swings but ended with an overall increase in the average FOB
prices during the fortnight. Crude oil prices also increased during the
fortnight due to anticipated oil cut by OPEC. The increase in the product
prices was partly mitigated by the appreciation of the Rupee against the
Effective January 1, 2002, Government has increased Petroleum Development
Levy on HSD by Rs.0.75/litre and Rs.0.25/litre on MS, HOBC, SKO, LDO and
JP4. This increase has been necessitated due to shortfall in the
the budgetary amount in respect of petroleum products.
Based on the international prices prevalent in the previous fortnight, the
prices of various petroleum products are being revised in accordance with
the prescribed pricing mechanism approved by the Ministry of Petroleum &
Natural Resources, Government of Pakistan. The Oil Companies Advisory
Committee (OCAC) hereby notifies the revised Ex-Depot Fixed sale price at
29 designated locations effective January 1,
2002 as under:
Ex-Depot Fixed Sale Price
Product ExistingRs/Litre RevisedRs/Litre Increase/(Decrease)Rs/Litre %age
MS 87 RON 28.74 29.59 0.85 2.96
HOBC 32.96 33.79 0.83 2.52
Kerosene Oil 13.41 13.98 0.57 4.25
High Speed Diesel 12.82 14.47 1.65 12.87
Light Speed Oil 11.56 12.31 0.75 6.49
JP-4 12.80 13.52 0.72 5.62
The price for Jet Fuel ((JP-1) for domestic air carriers also registered
increase and the revised price is Rs.10.08 per litre as against Rs.9.78
during the previous fortnight i.e. an increase of 3.07%.
We are a community driven site
- Send your articles, stories and event reporting to
ContactPakistan.com. We publish such contents within 24 hours!
NO POLITICAL REPORTS - WE HAD ENOUGH!
ContactPakistan offers FREE hosting to all community contests.
If you like to sponsor a competition such as sporting events quiz,
Children Essay, Drawings etc. then drop an Email to Webmaster for more
details. We will design complete contest and advertisement campaign Free!!
Let us build virtual community and your business together