In May 2016, LOTOS reported a model refining margin of USD 4.42 per barrel, representing a 3.5% increase on April 2016 and the second highest YTD level (in January 2016, the margin was USD 5.57/bbl).
General
In May 2016, LOTOS reported a model refining margin of USD 4.42 per barrel, representing a 3.5% increase on April 2016 and the second highest YTD level (in January 2016, the margin was USD 5.57/bbl).
The margin calculation is built around the presented yield structure, with the following price indices assigned:
- 14.14% gasoline (PRM UNL 10 ppm ARA);
- 4.24% naphtha (Naphtha CIF NWE);
- 4.53% LPG (50% Propane FOB NWE, 50% Butane FOB NWE);
- 49.57% diesel oil (ULSD 10 ppm CIF NWE);
- 5.34% jet fuel (Jet CIF NWE);
- 18.11% heavy fuel oil (HFO 3.5%S ARA);
- 4.07% refinery’s own consumption.
The margin calculation was reduced by the estimated cost of natural gas consumption (including transmission costs), totalling approximately USD 3 per barrel of processed oil.
Communication Office, Grupa LOTOS S.A., ul. Elbląska 135, 80-718 Gdańsk, Poland, tel. (+48) 58 308 87 31, (+48) 58 308 83 88, (+48) 58 308 83 55, e-mail: media@grupalotos.pl
