Showing posts with label
PSO to be the biggest beneficiary of margin hike.
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Showing posts with label
PSO to be the biggest beneficiary of margin hike.
Show all posts
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
