The meeting of the Economic Coordination Committee (ECC) which was presided over by Prime Minister Imran Khan has decided to fix the prospective tariff of white oil pipeline multi-grade movement project.
The meeting has decided that the tariff will be fixed in terms of dollars and will be locked for five years to be paid in Pak Rupees. The following proposals had been submitted by the Ministry of Maritime Affairs for consideration and approval of the ECC: (i) the revised tariff of $1 per ton for HSD handling inclusive of PQA royalty (to be paid in equivalent Pak Rupees) to be implemented and incorporated in HSD pricing formula or OMC Dealer margin; (b) tariff differential amount for the period from July 1, 2012 to till June 30, 2020 amounting to Rs 1,505,962 to be incorporated from OMC Dealer Margin for recovery; (c) The revised handling tariff will also be applicable on handling of MOGAS through existing pipeline as an interim arrangement until a dedicated pipeline is laid by FOTCO and its tariff determined on actual cost basis and submitted, separately.
After detailed deliberation during the meeting the ECC decided that prospective tariff in terms of dollars shall be locked for 5 years to be paid in Pak Rupees, at the prevailing exchange rate, by PSO for HSD and MOGAS with immediate effect.
