ECC approves E10 sale price

Pakistan’s Economic Coordination Committee (ECC) of the Cabinet has given the go-ahead to the E10 ex-depot sale price based on the denatured ethanol distillery quoted price of Rs36.50 (US$0.44) per liter. A differential of Rs2.50 (US$0.03) per liter vis-à-vis conventional gasoline through a petroleum levy adjustment on E10 of Rs6.90 (US$0.08) per liter will be maintained. The ECC also approved the formula for determining the ex-distillery ethanol price in a transparent manner to be worked out by the Ministry of Industries and Production. (October 28, 2009)