ANL 31.40 Increased By ▲ 0.05 (0.16%)
ASC 20.85 Decreased By ▼ -0.05 (-0.24%)
ASL 24.00 Increased By ▲ 0.10 (0.42%)
BOP 8.45 Increased By ▲ 0.04 (0.48%)
BYCO 10.09 Increased By ▲ 0.05 (0.5%)
FCCL 22.33 Increased By ▲ 0.13 (0.59%)
FFBL 27.50 Increased By ▲ 0.06 (0.22%)
FFL 20.80 Increased By ▲ 0.01 (0.05%)
FNEL 8.99 Increased By ▲ 0.14 (1.58%)
GGGL 27.59 Increased By ▲ 0.14 (0.51%)
GGL 47.05 Decreased By ▼ -0.05 (-0.11%)
HUMNL 7.45 Increased By ▲ 0.05 (0.68%)
JSCL 22.50 No Change ▼ 0.00 (0%)
KAPCO 39.75 Decreased By ▼ -0.05 (-0.13%)
KEL 3.95 Increased By ▲ 0.03 (0.77%)
MDTL 3.73 Decreased By ▼ -0.08 (-2.1%)
MLCF 44.60 Increased By ▲ 0.33 (0.75%)
NETSOL 167.48 Increased By ▲ 1.53 (0.92%)
PACE 7.87 Increased By ▲ 0.20 (2.61%)
PAEL 34.26 Increased By ▲ 0.25 (0.74%)
PIBTL 11.25 No Change ▼ 0.00 (0%)
POWER 9.26 Increased By ▲ 0.06 (0.65%)
PRL 23.90 Increased By ▲ 0.10 (0.42%)
PTC 11.85 Increased By ▲ 0.12 (1.02%)
SILK 1.84 Increased By ▲ 0.02 (1.1%)
SNGP 49.95 Increased By ▲ 0.35 (0.71%)
TELE 15.11 Increased By ▲ 0.05 (0.33%)
TRG 167.78 Increased By ▲ 1.58 (0.95%)
UNITY 42.81 Decreased By ▼ -0.16 (-0.37%)
WTL 3.72 Decreased By ▼ -0.02 (-0.53%)
BR100 5,186 Increased By ▲ 19.05 (0.37%)
BR30 26,615 Increased By ▲ 125.82 (0.47%)
KSE100 47,831 Increased By ▲ 144.14 (0.3%)
KSE30 19,183 Increased By ▲ 53.46 (0.28%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,133
4424hr
Pakistan Cases
1,015,827
4,11924hr
7.88% positivity
Sindh
371,762
Punjab
354,312
Balochistan
29,861
Islamabad
86,226
KPK
142,400

SINGAPORE: Asia's gasoline crack extended declines on Thursday as Singapore light distillate inventories jumped while concerns mount over the potential for high crude oil prices to hamper a recovery in regional demand for motor fuel. The gasoline refining margin fell to $8.14 a barrel on Thursday, down from $8.83 in the previous session.

The gasoline crack hit a 17-month high of $9.35 a barrel on Tuesday. Signs of firming demand, particularly in western markets, has helped to boost gasoline refining margins recently. Meanwhile, Asia's naphtha was largely steady at $123 a tonne, up 40 cents from Wednesday. Boosted by expectations of increased demand, the naphtha crack on Tuesday climbed to $130.88 a tonne, its highest since December 2017.

Singapore's light distillate inventories jumped 12% to their highest in nearly three months at 14.25 million barrels in the week to July 7, Enterprise Singapore data showed. The inventories, which include gasoline and naphtha, were last higher in the week to April 14 and were slightly above the 2021 weekly average of 14.18 million barrels, the data showed.

The inventories gained amid lower exports of gasoline and higher naphtha imports. Singapore was a net importer of 90-97 RON gasoline at slightly above 17,000 tonnes in the week to July 7, compared with net exports of 223,000 tonnes the previous week.

Net exports of gasoline above 97 RON were at 22,000 tonnes, compared with net exports of 46,000 tonnes the previous week. Singapore's net imports of naphtha reformates climbed to 141,000 tonnes in the week to July 7, down from 69,000 tonnes the previous week. In the Unites States, gasoline stocks slid by 2.7 million barrels in the week to July 2, compared with analysts' expectations for a drop of 2.2 million barrels.