Refineries to share Rs15b burden with govt to cut petrol prices by Rs15.

The petroleum minister announced that oil refineries will absorb part of the financial burden to lower fuel prices, alongside reports of higher tender premiums for PSO.

Possible impact on PSX shares

• ATRL Attock Refinery Limited▼ Could be negative

  Attock Refinery Limited could face negative earnings pressure as it is required to share the Rs15 billion burden with the government to ease fuel prices.

  Price when this was written: Rs 979.95 · Live price, chart and results

• NRL National Refinery Limited▼ Could be negative

  National Refinery Limited shares may experience downward pressure as the sector absorbs significant costs to support the reduction in petrol prices.

  Price when this was written: Rs 499.90 · Live price, chart and results

• PRL Pakistan Refinery Limited▼ Could be negative

  Pakistan Refinery Limited might see a negative impact on its financial results due to the newly announced industry burden-sharing scheme.

  Price when this was written: Rs 87.26 · Live price, chart and results

• PSO Pakistan State Oil Company Limited▼ Could be negative

  Pakistan State Oil Company Limited could face headwinds as reports highlight an increase of around $10-20 in premiums for PSO tenders.

  Price when this was written: Rs 347.15 · Live price, chart and results

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Express Tribune: Oil refineries to share Rs15b burden with govt to ease fuel price pressure leading to Rs15 cut in petrol price