Pakistan urged to link price with actual import parity price

Oil refineries have urged the Pakistani government to link the price of locally produced motor gasoline with the actual import parity price to secure them from losses in kind of price difference. Industry sources said that oil refineries were facing a loss of Rs3-Rs4 (US$0.04-US$0.05) per liter in motor gasoline price. “We want to link price with actual import parity price at which Pakistan State Oil (PSO) and Shell are importing motor gasoline,” they said adding that it would encourage oil refineries to enhance refining capacity denying reliance on imports of petroleum products. (September 16, 2010)