Karachi: Attock Oil Refinery (ARL) has once again increased the prices of lube base oil by Rs2 per litre which would result in sharp increase in all the lubricating oils.
All Pakistan Lubricants Manufacturers Association (APLMA) Chairman
Mian Zahid Husain, while condemning this arbitrary act of refinery
said that this second increase by Attock and NRL management in just a
period of less than one month while fifth increase in four months’
time. He warned that this increase could result in the price spiral of
every brand of lubricating oil by another Rs3 per litre.
While demanding to impose a price control mechanism on lube base oil
manufacturers, Mian Zahid informed that Attock Refinery, the major
shareholder of lube base oil manufacturers National Refinery has so
far increased the price by Rs39 per litre in the last 12 months and
this is fifth announcement of price increase in lube base oil during
The lubricating oil manufacturers are constantly being ignored by the
lube base oil manufacturer and raising prices without any consultation
with the stakeholders on vague pretexts, alleged Zahid while asking
government to intervene into the matter and get the refinery’s
decision reversed. He said that no government functionary is taking
notice of the arbitrary increases in the lube oil prices to the woes
of lubricants manufacturers and the motor vehicles owners who have
been forced to buy expensive motor oils.
Zahid said that oil refinery is increasing prices frequently on
various pretexts and warned that if the trend continued the lubricant
manufacturers would be forced to shut down their business, as on one
side the refinery is increasing the price of lube base oil while on
the other hand smuggled and spurious oil is flourishing in the market.
He further pointed out that the lube oil prices have reached to the
highest level in last two years and the automobile and engineering
have left to suffer heavily while lubricant industry’s future in
Pakistan has been threatened by lube base oil manufacturers.