Refineries have increased prices of lube base oil by 15 per cent in the past four months, according to the All Pakistan Lubricants Manufacturers Association (APLMA) chairman Mian Zahid Husain.
He said that since December this is third time that base oil prices have been increased without taking lubricants manufacturers into confidence.
Husain pointed out that the price increase in base oil was being linked with the price fluctuation in the international market but at the time when petroleum prices have gone down to $87 per barrel, the refineries are increasing base oil prices.
Published in The Express Tribune, January 28th, 2011.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ