Attock Oil Refinery (AOR) has increased the prices of lube base oil by Rs 3.50 per liter which would result in sharp increase in all the lubricating oils adding another burden of Rs5 per liter to the end consumers. All Pakistan Lubricants Manufacturers Association (APLMA) Chairman Mian Zahid Husain condemned this arbitrary act of refinery and said this was second increase by the AOR and NRL in short span of 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 Rs3.50 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 Rs42.50 per litre in the last 12 months and this is fifth announcement of price increase in lube base oil during the period.
