OREANDA-NEWS. In June 2016, LOTOS reported a model refining margin of USD 7.09 per barrel, nearly 14% increase on the previous month.

In Q2 2016, the Company’s model refining margin was USD 6.49 per barrel, flat on Q1 2016 (USD 6.51 per barrel).

The margin calculation was 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.