Pakistan, May 2 -- Pakistan's oil refineries sector has come under severe financial strain, reporting losses of approximately Rs24 billion in April 2026 amid changing pricing formulas, capped margins, and rising import-related costs. Industry stakeholders say the revised diesel pricing mechanism has significantly distorted returns and pushed refineries toward unsustainable operations.

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According to industry data, losses were recorded throughout the month, including Rs7.1 billion in the first week, Rs8.5 billion in the second week, Rs6.6 billion in the third week, and Rs2 billion in the final week of April. Officials warn that if current conditions persist, the sector may face furthe...