Attock Oil Refinery increases prices of base oil

Attock Oil Refinery increased the prices of its lubricating base oil by Rs 7 (US$0.77) per liter. All Pakistan Lubricants Manufacturers Association (APLMA) Chairman Mian Zahid Husain condemned what he said is an “arbitrary” act, and warned that the hike could result in increases in the price of every brand of lubricating oil by as much as Rs 11 (US$0.12) per liter. Zahid said that this was the fourth increase initiated by Attock Refinery during the last 12 months. “The lubricating oil manufacturers are constantly being ignored by the lube base oil manufacturer and it is raising prices without any consultation with the stakeholders on vague pretexts,” he said. APLMA asked the government to intervene and reverse the company’s decision. (April 8, 2012)