How ex-refinery price is calculated in pakistan?
Ex-Refinery The price is calculated by adding the import incidentals and surcharges to the FOB price of Arab Gulf Gasoline 92 RON. It is basically the landed cost of imported gasoline and is almost entirely reliant on the global oil markets.
How is oil price calculated in Pakistan?
The price is determined by averaging the FOB price of Arab Gulf Gasoline 92 RON and then adding the import incidentals and surcharges*. It is essentially the landed cost of imported petrol and is almost wholly dependent on the global crude and fuel market.
What is the tax on 1 litre petrol in Pakistan?
At present, the government has been charging a tax of about Pakistani Rs 35 per litre on petrol and about Pakistani Rs 30.50 per litre on HSD.
How many Litres are there in a barrel of petrol?
In the oil industry, an oil barrel is defined as 42 US gallons, which is about 159 litres, or 35 imperial gallons.
What is ex refinery price?
ex-refinery price means the amount of money equivalent to the actual cost of importing finished petroleum products and not exceeding the import of parity price; “ex-pump price” means the price at which a given quantity of a petroleum product is sold at a retail station dispensing pump; Sample 1.
How much petrol does Pakistan import?
Imports In 2020, Pakistan imported $1.92B in Crude Petroleum, becoming the 35th largest importer of Crude Petroleum in the world.
How is Lsfo produced?
There are three principal ways to produce LSFO: (1) distillation of low sulfur crude oil; (2) mixing and blending low sulfur residual fuel with high sulfur heavy fuel; and (3) using processing facilities to lower the sulfur content of high sulfur residual fuel.
How the petrol price is calculated?
The retail selling price of petrol in India is based on a crude oil, OMC margin, transportation cost, freight costs, central government taxes, state government taxes, excise duty and other taxes. OMC Costs: Oil marketing companies refine crude oil into petrol and then sell it to the dealers.
Who does Pakistan buy oil from?
Pakistan imports Crude Petroleum primarily from: United Arab Emirates ($1.04B), Saudi Arabia ($696M), Kuwait ($76.1M), South Korea ($55.9M), and Oman ($24.8M). The fastest growing import markets in Crude Petroleum for Pakistan between 2019 and 2020 were Kuwait ($76.1M), South Korea ($55.9M), and Oman ($24.8M).
Who is largest oil producer?
The United States
The United States. With a rough estimate of 11,567,000 barrels per day, the United States is the top oil-producing country in the world, as it has been for many years. The US also consumes more oil than any other country worldwide.
What is Lsfo used for?
Heavy fuel oils are referred to as low sulfur fuel oil (LSFO) if their sulfur content is below 1%. Usually these are marine fuel types IFO 180 or IFO 380, which have been desulfurized. Until the end of 2014, ships could still travel through Emission Control Areas (ECAs) with this type of marine fuel.
What does Lsfo mean?
Low Sulfur Fuel Oil
LSFO means Low Sulfur Fuel Oil of the quality specified at Exhibit A (LSFO Specifications). Sample 2. Sample 3. LSFO means Low Sulfur Fuel Oil meeting customary industry fuel oil specifications and having a sulfur content not greater than 0.5%.
At what cost India import petrol?
India had spent USD 62.2 billion on the import of 196.5 million tonnes of crude oil in the previous 2020-21 fiscal, when global oil prices remained subdued in the wake of the COVID-19 pandemic.
What is a refinery?
Definition of refinery : a building and equipment for refining or processing something (such as oil or sugar) : a building and equipment where something (as oil or metal) is made pure and ready for use
What is the fuel used in a refinery?
Refinery fuel: Crude oil and petroleum products consumed at the refinery for all purposes. Refinery gas: Still gas consumed as refinery fuel. Refinery input, crude oil: Total crude oil (domestic plus foreign) input to crude oil distillation units and other refinery processing units (cokers, etc.).
What are refinery losses and gains?
Refinery losses and gains: Processing gain and loss that takes place during the refining process itself. Excludes losses that do not take place during the refining process, e.g., spills, fire losses, and contamination during blending, transportation, or storage.
What is the difference between refinery Gas and refinery input?
Refinery gas: Still gas consumed as refinery fuel. Refinery input, crude oil: Total crude oil (domestic plus foreign) input to crude oil distillation units and other refinery processing units (cokers, etc.). Refinery input, total: The raw materials and intermediate materials processed at refineries to produce finished petroleum products.