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danioPSX · · based on a report by Business Recorder
The government announced a slight reduction in petroleum product prices effective from Wednesday, impacting margins and inventory values for oil marketing companies and refineries.
As a major oil marketing company holding large stock reserves, PSO may face inventory losses on existing petroleum stocks following the notified price reduction.
Price when this was written: Rs 360.66 · Live price, chart and results
Attock Petroleum may experience slight pressure on profitability as lower ex-depot prices reduce the realized value of stored petroleum inventories.
Price when this was written: Rs 525.14 · Live price, chart and results
Shell Pakistan could see a minor negative impact on near-term margins due to the downward revision in retail POL prices.
Price when this was written: Rs 185.01 · Live price, chart and results
Business Recorder: Govt cuts petrol price by Rs2.71, diesel by Re0.03 per litre
Education only, not investment advice. The likely direction is a reading of the news, not a forecast; prices can move the other way.