Document ID: chunk:federal_register_of_legislation:F2021N00170:reg:12
Version: federal_register_of_legislation:F2021N00170
Segment Type: reg
Provision Reference: reg 12
Character Range: 8944–9552

12  Basis differential
 (1) The basis differential should reflect the difference between the calculated margin marker and the margins of the refinery, based upon historical financial information and the operating environment of the refinery. This includes the ability to source alternative crude oil and constraints such as the depth of shipping berths that are available to the committed refinery.
 (2) For the Geelong refinery, the basis differential is determined to be $1.80 per barrel of FSSP fuel.
 (3) For the Lytton refinery, the basis differential is determined to be $3.10 per barrel of FSSP fuel.