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

What happened: Pakistan's major oil refineries reported a nearly twentyfold surge in combined profit for the quarter through September, driven by rising refining margins amid global energy disruptions. Key numbers: Combined profit rose about 1,860% (nearly twentyfold) for the quarter through September. Why it matters: The industry is enjoying unusually strong profits, but the content notes it faces big hurdles ahead. Islamabad has also introduced a cap on refinery margins as retail prices hit consumers hard.

Pakistan's major oil refineries reported a nearly twentyfold surge in combined profit for the quarter through September, driven by rising refining margins amid global energy disruptions.

The industry is enjoying unusually strong profits, but the content notes it faces big hurdles ahead. Islamabad has also introduced a cap on refinery margins as retail prices hit consumers hard.