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

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 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.

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