From Brecorder · Recorder Report · · 1m
Petrol pricing changes cost refineries Rs49/litre
Refineries face Rs49/litre loss from petrol pricing changes.
In brief
Refineries face Rs49/litre loss from petrol pricing changes. Pakistan's refineries could lose Rs49 per litre due to government pricing changes affecting upgradation projects. Originally reported by Brecorder.
Government pricing changes
The government's latest petrol pricing mechanism changes may cost refineries Rs49 per litre.
Refinery financial impact
Adil Khattak, CEO of Attock Refinery Limited, says the changes cost refineries Rs35 per litre.
Customs duty diversion
An additional Rs14 per litre diversion from customs duty recovery reduces the total loss to Rs49 per litre.
Policy concerns
Khattak warns the decision undermines the Brownfield Refineries Upgradation Policy and financial viability.
Previous concessions
Refineries had already capped HSD spread at USD41.89 and later USD38 to support the policy.
Implementation delays
Four refineries signed upgradation agreements by September 24, 2026, with PARCO expected to join soon.
Investor confidence
Refineries face loss of investor confidence as the government changes financial terms post-agreement.
The essence
Pakistan's refineries could lose Rs49 per litre due to government pricing changes affecting upgradation projects.
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