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Refinery audit may cut prices by Rs40-50/litre

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Dawn
“Refinery audit may cut prices by Rs40-50/litre”

KARACHI: Petroleum dealers have called for an immediate, transparent and comprehensive forensic audit of the country’s oil refineries, citing a sharp rise in sector profitability and saying that a review of their finances could allow cuts of Rs40-50 per litre in petroleum prices. According to Topline Securities, refinery sector profitability rose to Rs32.2bn in 1QFY27 from Rs1.6bn in 1QFY26 and Rs1.1bn in 4QFY26, mainly due to higher Gross Refining Margins (GRMs) amid the US-Iran war. PPDA…

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