PSO the biggest beneficiary of margin hike

The Government of Pakistan has increased margins of oil marketing companies for motor gasoline and high speed diesel. Pakistan State Oil Company (PSO) is expected to be the prime beneficiary considering its market leader position both in motor gasoline (27% share) and high speed diesel (53% share) of the segments. PSO earnings will be bolstered by Rs6.18/share on an annualized basis. In the near term, This will help the Company in diluting the negativity on account of inventory losses expected to be brought on by declining domestic petroleum product prices. For details visit shkazmipk.com