{
  "id": 17918877,
  "title": "Refineries to shoulder Rs15b fuel burden",
  "url": "https://urgent.news/2026/11/02/refineries-to-shoulder-rs15b-fuel-burden",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T21:59:03.000Z",
  "source": {
    "name": "The Express Tribune - Pakistan",
    "slug": "the-express-tribune-pakistan",
    "url": "https://tribune.com.pk/story/2638388/refineries-to-shoulder-rs15b-fuel-burden"
  },
  "original_language": "en",
  "account": "Petroleum Minister Malik announced on Monday that refineries would bear a burden of approximately Rs15 per liter or Rs15 billion for one month. This decision was made to keep petrol prices relatively lower amid the US-Israeli war on Iran. The LNG-ship was attacked before it entered the Strait of Hormuz, as per Malik's statement at a press conference. Information Minister Attaullah Tarar urged the media to avoid speculation, emphasizing that only verified information would be shared. Qatar and Saudi Arabia condemned the attack, calling it a dangerous act that threatened global energy security. The government had negotiated with Iran to secure safe passage for the LNG carrier Al Mayeda. The impact of the Rs15 per liter levy shifting from consumers to oil refineries has already been implemented in the price determination for Friday. Malik expressed gratitude to the refineries for their support during a difficult time, noting that their profits were even higher than their annual profits of the previous year. The government is still charging Rs80 per liter levy out of the Rs378 petrol price, with the remaining Rs14.71 per liter burden now being shouldered by the refineries. The federal cabinet approved determining the import price of petrol based on the actual import cost of the relevant PSO cargo, with refineries entitled to an ex-refinery price calculated at the pre-war price level for the next 30 days.",
  "summary": "Govt shifts Rs15 per litre levy to refineries for a month to prevent increase in petrol prices",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}