BOST margin on fuel increased by 3 pesewas effective June 1

The National Petroleum Authority (NPA) has directed Oil Marketing Companies to review upward the Bulk Oil Storage and Transport (BOST) margin on petroleum products from three pesewas to six pesewas, effective June 1.

This is in line with a decision taken by Cabinet and communicated to the National Petroleum Authority (NPA) by the Ministry of Energy.

A May 29 circular from the regulator and forwarded to the Oil Marketing Companies asked the firms to review the BOST margin in their Price Build Up (PBU) of their Petroleum products by the said date.

The revised template for the computation and submission of ex-pump prices reflecting the revised BOST Margin is published below.