Pakistan’s leading oil companies have shown big changes in profits during the first nine months of the current financial year. Higher oil prices and strong demand linked to regional tensions helped most firms earn more money.
Profit Comparison (9 Months)
| Company | Last Year’s Profit | This Year’s Profit | Change |
|---|---|---|---|
| Pakistan State Oil (PSO) | Rs. 15.3 billion | Rs. 38.1 billion | +149% |
| Attock Petroleum (APL) | Rs. 7.7 billion | Rs. 14.76 billion | Nearly doubled |
| Pakistan Refinery Ltd (PRL) | Rs. 0.293 billion | Rs. 25.49 billion | Major turnaround |
| National Refinery Ltd (NRL) | Rs. 7.30 billion | Rs. -2.76 billion (Loss) | From profit to loss |
PSO, the largest oil marketing company, posted the highest growth. It attributed part of the surge to the war situation. PRL and APL also made a strong recovery. However, NRL faced challenges and reported a loss.
Experts say rising global oil prices and supply issues during the conflict boosted margins for many firms. Consumers paid higher petrol and diesel prices at pumps, which increased company earnings.
