Pablo Escobar (R) in Congress In 1982 Escobar was for a brief period elected to the house of representatives of Colombiaâs Congress.
Grid Pricing versus. Formula Pricing. aGrid pricing involves using a premium-discount grid. with some method of establishing the base price. aFormula pricing typically refers to the method of. finding the base price in a premium-discount grid. aFormula pricing uses another price as a reference. price.
Alternatively it may be sold on a formulaâ pricingâ. basis. The formula pricing method links the contract. price of each crude cargo to a benchmark price, and. it is the basis of the current oil pricing system. The. three biggest Crude oil benchmarks are WTI, Brent. and Dubai-Oman.