Pakistan refineries report 1,860% jump in profit amid war windfall

Nikkei Asia · ADNAN AAMIR · 2026-11-01 05:30 UTC

Islamabad introduces cap on refinery margins as retail prices hit consumers hard

ISLAMABAD -- Pakistan's major oil refineries reported a nearly twentyfold surge in combined profit for the latest quarter through September, benefiting from increasing refining margins amid global energy disruptions.

Islamabad introduces cap on refinery margins as retail prices hit consumers hard

Cnergyico Pk's refinery plant in Balochistan province, Pakistan. The country's refineries are enjoying unusually strong profits, but the industry faces big hurdles ahead. © Reuters

Read the full story at Nikkei Asia · All coverage of this story