Wednesday, September 09 2026

Refiners oppose HSD pricing formula change, warn of investment risk
Pakistan’s refining industry has raised strong objections to reports of a possible further revision to the high-speed diesel (HSD) pricing mechanism, cautioning that frequent changes could disrupt refinery operations and weaken investor confidence in the sector. In a letter addressed to the government, refiners noted that the HSD pricing formula had already undergone several revisions in recent months, with the latest change taking effect on August 20, 2026. The industry expressed particular concern over reports that the government may lower the HSD crack ceiling from $41.89 per barrel to $30 per barrel. According to the refiners, such a reduction could bring down the retail price of diesel by around Rs18–20 per litre.
Related news categories: business economic-indicators refinery

Friday, August 28 2026

Pakistan's five refineries ready to sign $6bn upgradation agreements next month
Pakistan's refining sector is set to receive an investment of nearly $6bn as all five oil refineries Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico and Attock Refinery Limited (ARL) reaffirmed readiness to sign agreements under the Brownfield Refinery Upgradation Policy, with the signings expected early next month. The upgrades are aimed at enabling refineries to produce Euro 5 compliant fuel products domestically, reducing reliance on imported petrol and diesel and potentially bringing down their prices compared to imported products. The development came as Federal Minister for Petroleum Ali Pervaiz Malik held a series of meetings with the managements of the five refineries to review progress on the upgradation policy, assess the companies' financial and operational performance, and discuss measures to strengthen Pakistan's energy security, said a press release issued.
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Pakistan refineries set to ink $6bn upgrade deals
In a major development, Pakistan’s five oil refineries have agreed to move ahead with modernisation agreements that could unlock more than $6 billion in investment and enable domestic production of Euro 5-compliant fuel, reducing reliance on imported petrol and diesel. The development came after Federal Minister for Petroleum Ali Pervaiz Malik held meetings with the managements of Pakistan’s five oil refineries, Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico and Attock Refinery Limited (ARL), to review progress towards implementation of the Brownfield Refinery Upgradation Policy, the financial and operational performance of the refineries, and measures to strengthen Pakistan’s energy security, read a statement on Friday.
Related news categories: business economic-indicators oilgas-marketing refinery

Thursday, August 27 2026

NRL returns to profit with Rs6.16bn earnings in FY26
National Refinery Limited (PSX: NRL) swung to a net profit of Rs6.16bn for the year ended June 30, 2026, reversing a loss of Rs14.87bn recorded in the corresponding period last year a complete earnings turnaround driven by a dramatic improvement in refining margins. Showing this strong recovery, the company's earnings per share (EPS) swung to Rs77.09 from a loss per share of Rs185.91 in FY25. The top-line showed impressive growth, with revenue from contracts with customers rising 44% year-on-year to Rs588.55bn from Rs408.07bn. After accounting for trade discounts, taxes, duties, levies and price differentials which rose 47% to Rs147.71bn net revenue grew 43% to Rs440.84bn from Rs307.66bn in the prior year.
Related news categories: business economic-indicators psx refinery stock-exchanges
Related symbols: nrl (news stock)

Attock Refinery pumps out Rs15 dividend
Attock Refinery Limited (PSX: ATRL) reported a remarkable 3x (191%) surge in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs26.06bn compared to Rs8.95bn in the preceding year. Alongside the financial results, the board recommended a final cash dividend of Rs15 per share. Reflecting this explosive profitability, the company's basic and diluted earnings per share (EPS) nearly tripled, jumping to Rs244.45 from Rs83.93 in FY25. The primary catalyst behind this stellar performance was a powerful top-line revenue expansion combined with a 3.2x (217%) surge in gross margins. ATRL’s net sales increased by 13% year-on-year to reach Rs341.79bn, up from Rs301.52bn in FY25, despite absorbing Rs151.83bn in taxes, duties, levies, and discounts.
Related news categories: business economic-indicators psx refinery stock-exchanges
Related symbols: atrl (news stock)