By an OGJ correspondent
KARACHI, Sept. 3 -- Pakistan refineries reduced gasoline production this month following drastic changes in the pricing formula, the availability of enough stocks, and a slight drop in consumption.
According to Pakistan Oil Companies Advisory Committee (OCAC), National Refinery Ltd. reduced production to 9,000-10,000 tonnes/month from 12,000-13,000 tonnes, and Pakistan Refinery Ltd. (PRL) has cut its monthly production to 7,500 tonnes from 10,000 tonnes. Attock Refinery Ltd. is reported to have slashed production to 21,000-22,000 tonnes from 27,000 tonnes, followed by Bosicor Refinery to 4,000 tonnes from 6,000-7000 tonnes.
OCAC sources, however, ruled out any immediate impact on consumers after falling production because petrol stocks are well above the consumption level. Its impact may be felt in the future, however, they added.
PRL general manager, commercial and corporate affairs, Aftab Husain said the new pricing formula for petrol has some anomalies that need to be rectified.