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Refineries feel betrayed as agreed promises not met

Refineries feel betrayed as agreed promises not met
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Local LPG producers seek level playing field

REFINERY NEWS ROUNDUP: Mixed run rates in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Mixed run rates in Asia-Pacific The BPCL Mumbai refinery on the west coast of India is currently running at full capacity even as partial lockdown has been introduced in many parts of the western region. It recorded a 118% run rate in March compared with 116% a year ago, while the run rate for 2019-20 (April-March) was 95%, compared with 115% in 2019-20, reflecting the impact of lockdown in 2020. However, India’s Reliance Industries Ltd. in March ran at 84% at its two refineries at the Jamnagar integrated refinery complex, down from 96% a year earlier, with overall runs still to attain pre-pandemic levels. In March, the domestic refinery ran at 101%, compared with 108% a year earlier, while the export-focused refinery ran at 69%, from 84% in the year-ago month.

PSO profit increases to Rs8 720 billion in Q3

Business April 30, 2021 KARACHI: Pakistan State Oil (PSO) net profit increased to Rs8.720 billion during the quarter ended March 31, 2021, translating into earnings per share (EPS) of Rs18.57, a bourse filing said on Thursday. The company had posted a loss of Rs3.426 billion with loss per share of Rs7.30 during the same quarter last fiscal. There was no announcement of cash back. The company’s 9MFY21 profit surged 506 percent to Rs18.242 billion during the nine-month period ended March 31, 2021, from Rs3.008 billion during the same period last fiscal. The EPS stood at Rs38.86 during July-March 2020/21, compared to Rs6.41 during the same period last fiscal.

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