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Higher fuel prices: Refineries report Rs54.8bn profit in FY26
KARACHI: Pakistan’s listed refinery sector has posted a combined profit of Rs54.8 billion in FY2025-26, compared with a loss of Rs10.5 billion in the previous fiscal year, as wider petrol and diesel refining margins and higher sales volumes drove a sharp recovery in earnings. The sector’s revenue increased 27 percent year-on-year (YoY) to Rs1.54 trillion from Rs1.22 trillion in FY25, while gross profit surged to Rs107.4 billion from Rs10.4 billion. As a result, the sector’s gross profit margin improved to 7.0 percent from 0.9 percent, while the net profit margin stood at 3.6 percent. The incre...
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