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Petrol pricing changes may cause refineries Rs49/litre loss
ISLAMABAD: The government’s latest changes to the pricing mechanism of Motor Spirit (MS/petrol) are likely to impose an estimated financial loss of Rs49 per litre on domestic refineries, raising serious concerns about the viability of multibillion-dollar refinery upgradation projects involving an estimated investment of USD5-6 billion. In a communication with government, Adil Khattak, Chief Executive Officer of Attock Refinery Limited (ARL), informed that the decision to incorporate pre-war premiums and incidentals into the MS pricing mechanism would cost refineries approximately Rs35 per litr...
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