Furnace oil prices mounted up by PKR 2,161 per ton – Alfalah Securities Limited

Karachi: The Oil and Marketing Companies (OMCs) have yet again increased their furnace oil prices in the local market up to PKR 2,161 per ton followed by a hike in international furnace oil prices which has brought the imported furnace oil price at PKR 73,587 per ton, up by PKR 1,394 per ton.

According to Alfalah Securities Limited, the National Refinery (NRL) and Pakistan Refinery (PRL) have fixed their new furnace oil price at PKR 74,021 per ton, showing an increase of PKR 1,833 per ton while, the Pak Arab Refinery (Parrco) has set its new furnace oil price at PKR 78,279 per ton, up by PKR 2,161 per ton. Alfalah Securities Limited expects a rise in furnace oil price would increase inflationary pressures throughout the country whereas, a further rise in imported furnace oil price would be passed on to the consumers.

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