AIRLINK 186.00 Increased By ▲ 1.08 (0.58%)
BOP 10.33 Increased By ▲ 0.72 (7.49%)
CNERGY 7.53 Increased By ▲ 0.27 (3.72%)
FCCL 36.93 Increased By ▲ 0.50 (1.37%)
FFL 14.65 Increased By ▲ 0.31 (2.16%)
FLYNG 24.30 Increased By ▲ 0.02 (0.08%)
HUBC 128.99 Increased By ▲ 2.58 (2.04%)
HUMNL 13.41 Increased By ▲ 0.61 (4.77%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.99 Increased By ▲ 0.05 (0.84%)
MLCF 43.30 Increased By ▲ 1.03 (2.44%)
OGDC 200.40 Increased By ▲ 1.89 (0.95%)
PACE 6.07 Decreased By ▼ -0.01 (-0.16%)
PAEL 39.51 Increased By ▲ 1.76 (4.66%)
PIAHCLA 16.91 Decreased By ▼ -0.18 (-1.05%)
PIBTL 7.80 Increased By ▲ 0.06 (0.78%)
POWER 9.00 Decreased By ▼ -0.22 (-2.39%)
PPL 171.65 Increased By ▲ 3.56 (2.12%)
PRL 34.60 Increased By ▲ 1.85 (5.65%)
PTC 22.40 Decreased By ▼ -0.02 (-0.09%)
SEARL 105.19 Increased By ▲ 3.31 (3.25%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 35.15 Decreased By ▼ -0.38 (-1.07%)
SYM 17.59 Decreased By ▼ -0.33 (-1.84%)
TELE 8.25 Increased By ▲ 0.08 (0.98%)
TPLP 11.69 Decreased By ▼ -0.01 (-0.09%)
TRG 66.25 Increased By ▲ 0.13 (0.2%)
WAVESAPP 11.78 Decreased By ▼ -0.01 (-0.08%)
WTL 1.54 Increased By ▲ 0.01 (0.65%)
YOUW 3.70 Decreased By ▼ -0.09 (-2.37%)
BR100 11,725 Increased By 115.4 (0.99%)
BR30 34,519 Increased By 403.4 (1.18%)
KSE100 111,348 Increased By 1024.6 (0.93%)
KSE30 34,768 Increased By 356.8 (1.04%)

SINGAPORE: Asia’s gasoline refining profit margin extended gains on Tuesday and scaled a new high due to firmer demand as mobility restrictions eased in key economies.

The crack rose to $32.03 a barrel from $30.96 in the previous session, even as crude prices rose. “The continual relaxation of Covid-19 related mobility restrictions drove gasoline demand across the region, with buying interest from Indonesia – Asia’s single largest importer of finished grade gasoline – remaining healthy post-Ramadan,” Charles Ong, senior analyst with Refinitiv’s oil research team, said in a note. Meanwhile, Asia’s naphtha crack slumped to $62.97 a tonne, its lowest since December 2020, down from $108.50 in the previous session. Oil hit its highest in seven weeks on Tuesday, supported by the European Union’s ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China’s COVID lockdowns.

Comments

Comments are closed.