prl News

PSO, SOCAR sign MoU to establish JTC in Singapore

Pakistan State Oil Company Limited (PSO) and the State Oil Company of the Azerbaijan Republic (SOCAR) signed a Memorandum of Understanding (MoU) today in...

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Pakistan Refinery Limited resumes operations on February 23

Pakistan Refinery Limited (PSX: PRL) has restarted its refinery operations as of February 23, 2025...

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PRL to shut down for maintenance from Feb 15

Pakistan Refinery Limited (PSX: PRL) has stated that it will shut down its plant for approximately 6 days, from February...

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PRL shutdown for maintenance Feb 15-20

Pakistan Refinery Limited (PSX: PRL) will undergo a scheduled maintenance shutdown of its plant for approximately...

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PRL’s profits go up in smoke, posts Rs2.01bn loss

Pakistan Refinery Limited (PRL) has reported a loss of Rs2.01 billion for the half-year ending December 31, 2024, compared to a profit of Rs6.51bn during the...

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PRL secures Rs3.15bn loan for expansion project

The Board of Directors of Pakistan Refinery Limited (PSX: PRL) has approved the acquisition of a loan...

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PRL trading trends align with market fluctuations

Pakistan Refinery Limited (PSX: PRL) has experienced fluctuations...

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PRL denies Russian crude import claims

Pakistan Refinery Limited (PRL) has refuted media reports claiming that the company has agreed to import Russian crude oil at discounted rates...

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PSO approves Rs3.15bn loan to propel PRL’s FEED costs

After detailed deliberation, the Board of Management of Pakistan State Oil (PSX: PSO) has approved providing Rs3.15 billion (or a proportionate amount in USD...

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PRL suffers severe loss amid dropping revenue, rising expenses

Pakistan Refinery Limited (PSX: PRL) suffered a substantial loss of Rs2.35 billion [LPS: Rs3.73] for the quarter ended September 2024...

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PRL's profit spikes 123% in FY24, declares dividend

Pakistan Refinery Limited (PSX: PRL) recorded an increase of 122.6% YoY in its profitability, clocking in its profit after tax at Rs4.06 billion...

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PSO’s $1.5-2bn investment in PRL's refinery project still in early stages

Pakistan State Oil Company (PSO)'s investment worth $ 1.5 - 2 billion through debt in Pakistan Refinery Limited (PRL)'s Refinery Expansion & Upgrade...

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PACRA upgrades entity ratings of Pakistan Refinery Limited to ‘A’

Pakistan Credit Rating Agency Limited (PACRA) has updated the entity ratings of Pakistan Refinery Limited (PSX: PRL) from "A-" to "A" for the long-term...

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Pakistan refiners warn $6bn upgrades at risk due to fuel price deregulation plan

Pakistan's plans to deregulate fuel prices could lead refiners to halt planned upgrades worth up to $6 billion and force some refineries to close...

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Pakistan Refinery Limited faces Rs1.24bn loss in 1Q2024

Pakistan Refinery Limited (PSX: PRL) unveiled its profit and loss statement for three months ended March 2024, wherein the loss after tax clocked...

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PRL plans supplemental agreement following Brownfield Refining Policy 2024 updates

Following the introduction of the new and amended Brownfield Refining Policy 2024, Pakistan Refinery Limited (PSX: PRL) plans to opt for the amended...

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PRL resumes refinery operations after maintenance, inspection

Pakistan Refinery Limited (PRL) has resumed its refinery operations today, March 08, after a suspension period of 37 days, the company's filing on PSX...

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Pakistan’s furnace oil exports hit record high in 5MFY24

Pakistan’s exports of furnace oil have surged to a historic high level in the five months of FY24, amounting to 358,000 metric tons...

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PSO refutes allegations of decision to divest from PRL

Pakistan State Oil (PSO) has denied media reports claiming that the company has reached a decision to divest its stake in Pakistan Refinery Limited...

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PRL inks agreements with global industry leaders to double refining capacity, produce Euro V

Pakistan Refinery Limited (PSX: PRL) has signed pivotal license agreements with renowned industry leaders Honeywell UOP and Axens, for its ambitious Refinery...

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PRL successfully executes upgrade agreement in line with Pakistan Oil Refining Policy

Pakistan Refinery Limited (PSX: PRL) has successfully executed the Upgrade Agreement in accordance with the mandatory provisions....

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Refinery sector turns profitable in first quarter of FY24

The refinery sector turned around in the first quarter of FY24, recording a profit after tax of Rs16.18 billion as compared to a loss of Rs3.3bn ...

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Russian Federation nominates PRL to procure crude oil

Pakistan Refinery Limited (PRL) has been nominated as a procuring entity for the purchase of Crude Oil from the Russian Federation as per the commitments...

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PRL joins hands with REUP to double its capacity to 100kbpd

Pakistan Refinery Limited (PRL), a stalwart in the refining sector, is embarking on a transformative journey with the Refinery Expansion and Upgrade Project...

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PRL posts 4.36x YoY growth in profit for 1QFY24

Pakistan Refinery Limited (PSX: PRL) reported a profit after tax of Rs Rs4.48 billion [EPS: Rs7.11] in 1QFY24, depicting a substantial surge by 4.36x YoY...

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Pakistan Refinery Limited’s profit plummets by 85% in FY23

Pakistan Refinery Limited (PSX: PRL) experienced a significant fall of 85.49% YoY in its profitability, clocking in its profit after tax at Rs1.82bn...

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PRL, AIRLINK intend to secure majority stake in Shell Pakistan

Next Capital Limited being the manager of the Offer has submitted a Public Announcement of Intention (PAI) on behalf of Pakistan Refinery Limited (PSX: PRL)...

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PRL to enjoy $5bn investment after new policy

Pakistan refinery expects a $5 billion investment after a new policy that aims to encourage the development of five deep conversion refineries collectively...

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PACRA maintains entity ratings of PRL

Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Pakistan Refinery Limited (PSX: PRL) at "A-" for the long term and "A2" for the..

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PRL and OGDCL join forces to boost Pakistan's energy sector

Pakistan Refinery Limited (PSX: PRL) and Oil & Gas Development Company Limited (PSX: OGDCL) have signed a Memorandum of Understanding (MoU) today to establish..

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PRL: Profitability shrinks by 53% YoY in 9MFY23

The net profit of Pakistan Refinery Limited (PRL) has slashed by 53.26% YoY to clock in at Rs2.53 billion (EPS: Rs4.02) for the period of nine months ended....

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PRL resumes refinery operations

Pakistan Refinery Limited (PRL) has restarted its refinery operations from December 31st, 2022..

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PRL: Profitability reaches Rs1.03bn in 1QFY23

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Higher margins elevate PRL’s profits by 13x YoY in FY22

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PRL: Profitability balloons by 8.7x in 9MFY22

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PARCO, NRL to import petroleum products under Saudi Oil Facility

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PRL incurs losses of Rs114.5mn in 1HFY22

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PRL’s refinery operations restored

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PRL temporarily shuts down operations

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PRL incurs losses worth Rs378mn in 1QFY22

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PRL sees a turnaround in yearly earnings

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PSO likely to cash in the thriving retail segment

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PRL all set to install $1.2bn up-gradation projects

PRL all set to install 1.2bn upgradation projects

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No decision is made as yet to buy a second-hand refinery complex, PRL clarifies

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Lower taxes reverse decline in PRL’s pre-tax profits

Lower taxes reverse decline in PRLs pre-tax profits

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PRL appoints Tariq Kirmani as the Chairman

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PRL resumes refinery operations as crude oil connectivity gets restored temporarily

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PRL temporarily suspends Refinery Operations

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PRL’s oil pipelines severely damaged due to heavy rains in Karachi

PRLs oil pipelines severely damaged due to heavy rains in Karachi

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PRL: Drowning in losses

PRL Drowning in losses

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PSO's shareholding in PRL increases to 63.56%

PSOs shareholding in PRL increases to 63.56

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PRL starts producing FO and HSD under its new operational strategy

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SECP allows PRL to issue 315 million right shares without underwriting

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PRL's losses expand by 94% during 9MFY20

PRLs losses expand by 94 during 9MFY20

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PRL puts its Right Issue process on hold due to difficulties in arranging underwriting

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PRL enroute to become the first refinery in Pakistan to produce Very Low Sulphur Furnace Oil

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PSO's shareholding in PRL increases to 60%

PSOs shareholding in PRL increases to 60

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Stock prices of Oil Refinery Companies plunge sharply since Jan FY20

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Pakistan Refinery to issue 315 million right shares at par

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Efforts afoot to introduce fuel conforming latest vehicles, tackle environmental issues

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Pakistan Refinery observes a decrease in net losses by 44% YoY during 1HFY20

Pakistan Refinery observes a decrease in net losses by 44 YoY during 1HFY20

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PRL set to embark on upgradation projects in their refinery complex: PACRA

PRL set to embark on upgradation projects in its refinery complex PACRA

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PSO acquires 10.5 mill shares from ‘Shell Petroleum,UK’ in Pakistan Refinery Limited

PSO acquires 10.5 mill shares from Shell Petroleum UK in Pakistan Refinery Limited

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Govt plans up-gradation of Pakistan Refinery Limited with $1 billion cost

Govt plans upgradation of Pakistan Refinery Limited with 1 billion cost

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PRL incurs heavy losses owing to decline in demand of furnace oil

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Pakistan Refinery Ltd appoints Ex-MD of OGDC as CEO

Pakistan Refinery Ltd appoints Ex MD of OGDC as CEO

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Petroleum production dips by 6.3% in 10MFY19

Petroleum production dips by 6.3 in 10MFY19

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Isomerization plant soothes Pakistan Refinery’s margins via volumetric growth in petrol: PACRA

Isomerization plant soothes Pakistan Refinery margins via volumetric growth in petrol

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PRL incurs losses of Rs3.4 bln as non-core income comes down by a colossal margin

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Pakistan Refinery Ltd states losses of Rs3 billion for 2HFY19

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PRL replaces Company Secretary

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PRL margins go down owing to fluctuations in international crude oil prices: PACRA

PRL margins go down owing to fluctuations in international crude oil prices pacra

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PSO's shareholding in Pakistan Refinery Ltd surges to 53%

PSOs shareholding in Pakistan Refinery Ltd surges to 53

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Director of Pakistan Refinery Ltd resigns

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Pakistan Refinery Limited profits fall by 34.82 percent to Rs. 694.504 million

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Pakistan Refinery Ltd. profit for 1QFY18 rises 185% to Rs. 348 million

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Earnings Report: Pakistan Refinery Ltd. (PSX: PRL) today reported Financial Results for the Twelve months ended June 30, 2017

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Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%

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PSO, SOCAR sign MoU to establish JTC in Singapore

Pakistan Refinery Limited resumes operations on February 23

PRL to shut down for maintenance from Feb 15

PRL shutdown for maintenance Feb 15-20

PRL’s profits go up in smoke, posts Rs2.01bn loss

PRL secures Rs3.15bn loan for expansion project

PRL trading trends align with market fluctuations

PRL denies Russian crude import claims

PSO approves Rs3.15bn loan to propel PRL’s FEED costs

PRL suffers severe loss amid dropping revenue, rising expenses

PRL's profit spikes 123% in FY24, declares dividend

PSO’s $1.5-2bn investment in PRL's refinery project still in early stages

PACRA upgrades entity ratings of Pakistan Refinery Limited to ‘A’

Pakistan refiners warn $6bn upgrades at risk due to fuel price deregulation plan

Pakistan Refinery Limited faces Rs1.24bn loss in 1Q2024

PRL plans supplemental agreement following Brownfield Refining Policy 2024 updates

PRL resumes refinery operations after maintenance, inspection

Pakistan’s furnace oil exports hit record high in 5MFY24

PSO refutes allegations of decision to divest from PRL

PRL inks agreements with global industry leaders to double refining capacity, produce Euro V

PRL successfully executes upgrade agreement in line with Pakistan Oil Refining Policy

Refinery sector turns profitable in first quarter of FY24

Russian Federation nominates PRL to procure crude oil

PRL joins hands with REUP to double its capacity to 100kbpd

PRL posts 4.36x YoY growth in profit for 1QFY24

Pakistan Refinery Limited’s profit plummets by 85% in FY23

PRL, AIRLINK intend to secure majority stake in Shell Pakistan

PRL to enjoy $5bn investment after new policy

PACRA maintains entity ratings of PRL

PRL and OGDCL join forces to boost Pakistan's energy sector

PRL: Profitability shrinks by 53% YoY in 9MFY23

PRL resumes refinery operations

PRL: Profitability reaches Rs1.03bn in 1QFY23

Higher margins elevate PRL’s profits by 13x YoY in FY22

PRL: Profitability balloons by 8.7x in 9MFY22

PARCO, NRL to import petroleum products under Saudi Oil Facility

PRL incurs losses of Rs114.5mn in 1HFY22

PRL’s refinery operations restored

PRL temporarily shuts down operations

PRL incurs losses worth Rs378mn in 1QFY22

PRL sees a turnaround in yearly earnings

PSO likely to cash in the thriving retail segment

PRL all set to install $1.2bn up-gradation projects

No decision is made as yet to buy a second-hand refinery complex, PRL clarifies

Lower taxes reverse decline in PRL’s pre-tax profits

PRL appoints Tariq Kirmani as the Chairman

PRL resumes refinery operations as crude oil connectivity gets restored temporarily

PRL temporarily suspends Refinery Operations

PRL’s oil pipelines severely damaged due to heavy rains in Karachi

PRL: Drowning in losses

PSO's shareholding in PRL increases to 63.56%

PRL starts producing FO and HSD under its new operational strategy

SECP allows PRL to issue 315 million right shares without underwriting

PRL's losses expand by 94% during 9MFY20

PRL puts its Right Issue process on hold due to difficulties in arranging underwriting

PRL enroute to become the first refinery in Pakistan to produce Very Low Sulphur Furnace Oil

PSO's shareholding in PRL increases to 60%

Stock prices of Oil Refinery Companies plunge sharply since Jan FY20

Pakistan Refinery to issue 315 million right shares at par

Efforts afoot to introduce fuel conforming latest vehicles, tackle environmental issues

Pakistan Refinery observes a decrease in net losses by 44% YoY during 1HFY20

PRL set to embark on upgradation projects in their refinery complex: PACRA

PSO acquires 10.5 mill shares from ‘Shell Petroleum,UK’ in Pakistan Refinery Limited

Govt plans up-gradation of Pakistan Refinery Limited with $1 billion cost

PRL incurs heavy losses owing to decline in demand of furnace oil

Pakistan Refinery Ltd appoints Ex-MD of OGDC as CEO

Petroleum production dips by 6.3% in 10MFY19

Isomerization plant soothes Pakistan Refinery’s margins via volumetric growth in petrol: PACRA

PRL incurs losses of Rs3.4 bln as non-core income comes down by a colossal margin

Pakistan Refinery Ltd states losses of Rs3 billion for 2HFY19

PRL replaces Company Secretary

PRL margins go down owing to fluctuations in international crude oil prices: PACRA

PSO's shareholding in Pakistan Refinery Ltd surges to 53%