The Oil Industry Expects Big Increases In Gasoline And Diesel Prices

The Oil Industry Expects Big Increases In Gasoline And Diesel Prices

The oil industry forecasts 12.02 percent and 16.82 percent increase in Motor Spirit (MS) Petroleum and High Speed Diesel (HSD) ex-refinery prices respectively, taking the burden of Price Difference Claims (PDCs) on both products to Rs. . 16.25 per liter and Rs. 20.69 per liter respectively in the last two weeks of March

According to Platt’s average oil industry estimates, from February 25 to March 7, 2022, pre-refining oil prices are expected to increase by Rs. Rs for 16.25 liters. 151.48 per liter from the current Rs. According to official data of ProPakistani, in the next two weeks (March 16 – March 31) 135.23 per liter.

ALSO READ

The documents state that, based on the rise in international oil prices, the ex-refinery price of HSD is forecast to increase by 16.82 percent, from Rs. Rs. 136.61 for liter. 159.58 per liter during the upcoming bi-weekly update.

According to the documents, between March 4 and March 7, the price of Brent Crude Oil in the international market increased by 8.98 percent from $114.78 per barrel to $125.09 per barrel, from $111.64 to $127.96 a barrel. bbl. Gasoline 10ppm increased by 16.98 percent in just three days from $134.39 per barrel to $157 per barrel, from $92.81 per barrel to $138.73 per barrel, and 95 RON increased by 14.37 percent to $124.68 per barrel. It rose to $60.

ALSO READ

An increase in gasoline and HSD prices will increase PDC payments to Rs. 16.25 and Rs per liter for gasoline. 20.69 per liter in the case of HSD. Pakistan consumes about 0.7 MT of gasoline per month and will cost more than 16.25 PDC Rs per liter. 5.6 billion in just two weeks. Similarly, HSD consumption is 0.55 MT and Rs PDC. For 20.69 liters, it is almost converted to Rs. It is estimated that 7 billion in the next two weeks.

Leave a Reply

Your email address will not be published.