Petrol price breakdown, line by line
The Oil and Gas Regulatory Authority (OGRA) table for has 20 rows. 11 of them are rupee amounts that add up to the price of Rs 395.37 a litre. The rest are dollar figures, conversion rates and subtotals. The letters, units and formulas are OGRA’s. The row names are ours, in plain English.
| Row | Line | Amount | Unit | Formula | Group |
|---|---|---|---|---|---|
| row A of the archived publication | Platts quotation, finished productLeads to F | 132.17 | US$ a barrel | Leads to F | |
| row B of the archived publication | Premium including freightLeads to F | 16.12 | US$ a barrel | Leads to F | |
| row C of the archived publication | Cost and freightLeads to F | 148.29 | US$ a barrel | C = A + B | Leads to F |
| row D of the archived publication | State Bank average exchange rateLeads to F | 277.17 | Rs per US$ | Leads to F | |
| row E of the archived publication | Conversion factorLeads to F | 158.98 | litres a barrel | Leads to F | |
| row F of the archived publication | Cost and freight, in rupeesThe fuel, shipped to Pakistan | 258.53 | Rs a litre | F = C × D ÷ E | The fuel, shipped to Pakistan |
| row G of the archived publication | IncidentalsThe fuel, shipped to Pakistan | 0.50 | Rs a litre | The fuel, shipped to Pakistan | |
| row H of the archived publication | Ocean loss or gainThe fuel, shipped to Pakistan | −0.85 | Rs a litre | The fuel, shipped to Pakistan | |
| row I of the archived publication | Cost at Karachi portSubtotal | 258.19 | Rs a litre | I = F + G + Hrows add to 258.18 | Subtotal |
| row J of the archived publication | Exchange rate adjustmentThe fuel, shipped to Pakistan | 1.47 | Rs a litre | The fuel, shipped to Pakistan | |
| row K of the archived publication | Customs dutyGovernment | 24.93 | Rs a litre | Government | |
| row L of the archived publication | Ex-refinery or import priceSubtotal | 284.59 | Rs a litre | L = I + J + K | Subtotal |
| row M of the archived publication | Inland freight equalisation (IFEM)Getting it to the pump | 7.93 | Rs a litre | Getting it to the pump | |
| row N of the archived publication | Oil marketing company (OMC) marginGetting it to the pump | 7.87 | Rs a litre | Getting it to the pump | |
| row O of the archived publication | Dealer commissionGetting it to the pump | 9.98 | Rs a litre | Getting it to the pump | |
| row P of the archived publication | Price before levies and taxSubtotal | 310.37 | Rs a litre | P = L + M + N + O | Subtotal |
| row Q of the archived publication | Petroleum levyGovernment | 80.00 | Rs a litre | Government | |
| row R of the archived publication | Climate support levyGovernment | 5.00 | Rs a litre | Government | |
| row S of the archived publication | Sales taxGovernment | 0.00 | Rs a litre | Government | |
| row T of the archived publication | Total price at the pumpPrice at the pump | 395.37 | Rs a litre | T = P + Q + R + S | Price at the pump |
Rows D and E are not costs. They turn the dollar price into rupees a litre: the State Bank’s exchange rate, and the litres in one barrel.
Every subtotal matches the rows it adds up, to within a paisa (Rs 0.01). OGRA rounds each figure it prints, so a hand sum can differ by a paisa.
OGRA price notification for , document 17147.
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