The government cut petrol prices by Rs9.41 and diesel by Rs5.56 per litre, effective November 6.

The government reduced petrol prices by Rs9.41 to Rs352.59 per litre and diesel by Rs5.56 to Rs382.25 per litre effective Nov 6. This fuel price reduction could impact margins and stock values across oil marketing and refining sectors.

Possible impact on PSX shares

• PSO Pakistan State Oil Company Limited▼ Could be negative

  Lower retail fuel prices could lead to inventory losses for PSO on stock purchased at previous higher rates.

  Price when this was written: Rs 362.82 · Live price, chart and results

• ATRL Attock Refinery Limited▼ Could be negative

  A drop in domestic petrol and diesel prices could compress ATRL's gross refinery margins in the short term.

  Price when this was written: Rs 986.12 · Live price, chart and results

• PRL Pakistan Refinery Limited▼ Could be negative

  Reduced fuel prices may lower PRL's ex-refinery realizations and trigger short-term inventory adjustments.

  Price when this was written: Rs 84.60 · Live price, chart and results

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Business Recorder: Govt drops petrol price by Rs9.41, diesel by Rs5.56 per litre