Oil shortage.

THIS is with reference to the news item 'Supply of petrol affected across country' (June 3). According to the financial statements and public records, four of Pakistan's refineries, namely ARL, NRL, PRL and Byco, have suffered losses amounting to Rs42 billion since July 2018.

The inventory losses of these four refineries in just the last two months amount to about Rs33 billion.

The drop in international oil prices, lack of demand for furnace oil, and the demand destruction of petroleum products...