Pakistan’s oil refineries have urged the government to withdraw the revised petrol pricing mechanism introduced on October 31, 2026, warning that it could impose a financial burden of Rs. 49.02 per litre on domestic producers. Meanwhile, the Pakistan Petroleum Dealers Association (PPDA) has demanded a forensic audit of refinery profits, claiming consumers could receive petrol price relief of up to Rs. 50 per litre.
In a joint letter to the federal government, Attock Refinery, National Refinery, Cnergyico and Pakistan Refinery called for the restoration of the previous pricing formula and immediate consultations with relevant authorities. The refineries argued that the revised mechanism freezes premium, incidental and customs duty components at their March 7, 2026 levels while using updated import cargo costs for petrol pricing. They warned that the change could affect financial viability, fuel supplies and investment commitments under the Brownfield Refining Policy.
Meanwhile, PPDA Chairman Malik Khuda Bakhsh called for a comprehensive audit to determine the actual earnings of oil refineries. The association claimed that consumers could receive relief of Rs. 40 to Rs. 50 per litre instead of the proposed Rs. 15 per litre.
Dealers also demanded representation on government committees responsible for petroleum pricing and policy decisions, arguing that a transparent audit should be conducted before finalising any consumer relief package.
