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Wednesday, June 24, 2026
HomeBusinessOil industry reports $367m loss after fuel price cut

Oil industry reports $367m loss after fuel price cut

Pakistan’s oil industry has suffered losses of about Rs104 billion ($367 million) following a sharp government-mandated fuel price cut last week, according to an industry letter seen by Arab News, with oil companies warning that repeated changes to pricing rules are undermining confidence in the sector. The losses stem from a sudden reduction in fuel

Read full story on Daily Times – Latest Pakistan News, World, Busines

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