Shiraz Petrochemical has received the new gas rates for feedstock and fuel for industries for the year 1405. According to the new notification, the feedstock gas rate for petrochemicals has increased by 76% from Farvardin to Shahrivar this year, reaching 315,450 rials per cubic meter.
Details of the New Gas Rates
Shiraz Petrochemical, in a notice published on the Codal system, has received the notification from the Planning Department of the Ministry of Oil regarding the prices of light and sweet natural gas feedstock and fuel gas rates. An examination of the figures shows that the feedstock gas rate for petrochemicals has risen from 179,559 rials in Farvardin to 315,450 rials in Shahrivar. This increase indicates a growth of about 75.7% over a period of five months.
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The rate changes are as follows:
- Farvardin and Ordibehesht: 179,559 rials
- Khodad: 201,266 rials
- Tir: 265,697 rials
- Mordad: 297,489 rials
- Shahrivar: 315,450 rials
Impact of Rate Increase on Production Costs
The increase in feedstock rates is not limited to petrochemical gas; the fuel gas rate has also seen a significant increase throughout the year. The fuel gas rate for petrochemicals, refineries, and other industries was 107,735 rials per cubic meter in Farvardin and Ordibehesht, rising to 120,760 rials in Tir. In Mordad, the rate reached 159,418 rials and in Shahrivar to 178,493 rials, with the figure for Mehr announced as 189,270 rials. This increase in fuel gas rates also signifies a growth of about 75.7% compared to Farvardin.
According to the notification from the Ministry of Oil, the gas rate for metal production units in Mehr has been set at 141,953 rials. Additionally, the gas rate for cement industries in this month has reached 47,318 rials, and the rate for other industries is 31,545 rials per standard cubic meter. The feedstock gas rate for petrochemical units for Mehr has not yet been included in the published table.
Another important point in the notification pertains to methanol production units. According to the resolution, the feedstock gas rate for methanol units in the year 1405, if the feedstock price is settled within a maximum of 30 days after receiving the invoice, will be calculated at 95% of the feedstock gas rate for petrochemical units.
Shiraz Petrochemical has announced that the financial impacts resulting from the adjustment of the new rates will be calculated and communicated in future company reports. Furthermore, the increase in feedstock and fuel rates may affect the production costs of gas-oriented petrochemical companies, and examining the effects of the new notification on the profit margins of companies like Shiraz Petrochemical will be of greater importance in the financial reports of the coming months.
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