Annex - I

OIL AND GAS REGULATORY AUTHORITY

Ex - Refinery Sale Price Calculation
With effect from January 01, 2015.
Arab Gulf FOB Mean Prices
N A P H T H A H S F O 180 CST K E R O S E N E GAS OIL GASOLINE 95 RON UNLEADED Exchange
SR. PRICES $/MT $/MT $/MT $/MT $/MT $/MT $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL $/BBL Rate
NO EFFECTIVE
LOW HIGH AVG LOW HIGH AVG LOW HIGH AVG LOW HIGH AVG LOW HIGH AVG Selling

1 Thursday, November 27, 2014 611.14000 612.64000 611.89000 410.00000 410.04000 410.02000 89.09000 89.13000 89.11000 87.22000 87.26000 87.24000 84.21000 84.25000 84.23000 101.79860
2 Friday, November 28, 2014 583.20000 584.95000 584.07500 391.27000 391.31000 391.29000 84.74000 84.78000 84.76000 83.00000 83.04000 83.02000 79.86000 79.90000 79.88000 101.94190
3 Monday, December 01, 2014 561.02000 562.77000 561.89500 380.91000 380.95000 380.93000 81.38000 81.42000 81.40000 79.64000 79.68000 79.66000 76.12000 76.16000 76.14000 102.17740
4 Tuesday, December 02, 2014 584.34000 586.09000 585.21500 395.61000 395.65000 395.63000 85.18000 85.22000 85.20000 83.21000 83.25000 83.23000 79.14000 79.18000 79.16000 101.90180
5 Wednesday, December 03, 2014 568.24000 570.24000 569.24000 385.19000 385.23000 385.21000 84.21000 84.25000 84.23000 81.81000 81.85000 81.83000 77.09000 77.13000 77.11000 101.80970
6 Thursday, December 04, 2014 561.23000 562.98000 562.10500 376.05000 376.09000 376.07000 83.13000 83.17000 83.15000 80.94000 80.98000 80.96000 75.64000 75.68000 75.66000 101.82430
7 Friday, December 05, 2014 551.98000 553.48000 552.73000 369.79000 369.83000 369.81000 81.54000 81.58000 81.56000 79.82000 79.86000 79.84000 73.87000 73.91000 73.89000 101.56310
8 Monday, December 08, 2014 527.77000 528.27000 528.02000 362.41000 362.45000 362.43000 80.47000 80.51000 80.49000 78.80000 78.84000 78.82000 72.78000 72.82000 72.80000 101.30830
9 Tuesday, December 09, 2014 508.48000 508.98000 508.73000 346.71000 346.75000 346.73000 78.35000 78.39000 78.37000 76.56000 76.60000 76.58000 70.47000 70.51000 70.49000 101.25380
10 Wednesday, December 10, 2014 507.98000 508.73000 508.35500 347.42000 347.46000 347.44000 78.16000 78.20000 78.18000 76.85000 76.89000 76.87000 70.51000 70.55000 70.53000 101.02010
11 Thursday, December 11, 2014 477.98000 479.23000 478.60500 337.29000 337.33000 337.31000 76.52000 76.56000 76.54000 75.40000 75.44000 75.42000 69.10000 69.14000 69.12000 100.83910
12 Friday, December 12, 2014 475.69000 477.19000 476.44000 325.47000 325.51000 325.49000 74.62000 74.66000 74.64000 73.66000 73.70000 73.68000 67.76000 67.80000 67.78000 100.74280
13 Monday, December 15, 2014 478.88000 480.38000 479.63000 321.56000 321.60000 321.58000 74.49000 74.53000 74.51000 73.44000 73.48000 73.46000 67.55000 67.59000 67.57000 100.39180
14 Tuesday, December 16, 2014 455.90000 457.65000 456.77500 303.88000 303.92000 303.90000 71.84000 71.88000 71.86000 70.58000 70.62000 70.60000 64.19000 64.23000 64.21000 100.59210
15 Wednesday, December 17, 2014 456.40000 458.40000 457.40000 298.25000 298.29000 298.27000 71.42000 71.46000 71.44000 69.98000 70.02000 70.00000 64.18000 64.22000 64.20000 100.74940
16 Thursday, December 18, 2014 459.40000 462.15000 460.77500 307.58000 307.62000 307.60000 73.18000 73.22000 73.20000 71.81000 71.85000 71.83000 66.35000 66.39000 66.37000 100.51850
17 Friday, December 19, 2014 445.86000 448.61000 447.23500 301.33000 301.37000 301.35000 71.35000 71.39000 71.37000 69.60000 69.64000 69.62000 64.84000 64.88000 64.86000 100.59640
18 Monday, December 22, 2014 477.11000 479.86000 478.48500 323.08000 323.12000 323.10000 73.89000 73.93000 73.91000 72.22000 72.26000 72.24000 68.03000 68.07000 68.05000 100.71300
19 Tuesday, December 23, 2014 452.11000 454.86000 453.48500 307.61000 307.65000 307.63000 71.76000 71.80000 71.78000 70.30000 70.34000 70.32000 65.48000 65.52000 65.50000 100.60620
20 Wednesday, December 24, 2014 462.61000 465.36000 463.98500 314.96000 315.00000 314.98000 72.85000 72.89000 72.87000 71.51000 71.55000 71.53000 67.33000 67.37000 67.35000 100.66770
21 Monday, December 29, 2014 448.11000 451.11000 449.61000 307.99000 308.03000 308.01000 70.61000 70.65000 70.63000 69.63000 69.67000 69.65000 65.24000 65.28000 65.26000 101.01240
22 Tuesday, December 30, 2014 419.89000 422.89000 421.39000 288.54000 288.58000 288.56000 67.35000 67.39000 67.37000 66.85000 66.89000 66.87000 61.56000 61.60000 61.58000 101.15320

504.36682 341.06091 77.11682 75.60318 70.53364 101.14462

0.5% and 0.05% Gasoil differential 1.70% (1.28525)
IMPORT PARITY PRICES: Derived FOB Price of 0.5% Sulphur HSD 74.31793

PRODUCTS FOB PRICE PREMIUM incl. C&F C&F Tariff TOTAL COST CONV.FACT C&F PLUS IMPORT Ex-Refinery PDC IMPORT PARITY
FREIGHT 7.50% TARIFF INCIDENTALS before PDC PRICE

$/MTON $/MTON $/MTON RS/MTON RS/MTON RS/MTON LITERS/MT RS/LITERS RS/LITERS RS/LITERS RS/LITERS RS/LITERS

KERO 615.25043 14.50549 629.75592 63,696.42322 - 63,696.42322 1,268.40 50.21793 - 50.22 - 50.22

PREMIUM (Including freight)

WHITE PRODUCTS : $/BBL 1.81815 (1 BBL = 158.984 LITERS)
BLACK PRODUCTS : $/MTON 33.20205 (FUEL OIL) - 180 CST
 Annex - II

OIL AND GAS REGULATORY AUTHORITY

Ex - Depot Sale Price Calculation
With effect from January 01, 2015.

KEROSENE
Direct Rail/Def

Ex‐refinery 50.22 50.22

IFEM 1.15 -
51.37 50.22
Distributor margin 1.58 -
Dealers margin - -
Petroleum Levy 6.00 6.00
Price before Sales Tax 58.95 56.22
Sales Tax @ 22% * 12.97 12.37
Max. ex‐depot sale price 71.92 68.59
Max. ex­depot sale price 71.92

* Rate of Sales tax has been increased from 17% to 22% as notified vide FBR SRO No. 1152(I)/2014 Dated December 30, 2014.