Saturday Apr 25, 2026
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CPC records profit for third consecutive year under cost-reflective pricing
Oil prices ease in 2025 but spike in March 2026 due to Middle East tensions
The CPC reported a profit of Rs. 36.4 billion in 2025, marking its third consecutive year of positive performance, supported by the continuation of the cost-reflective pricing mechanism, the Central Bank said in its latest Annual Economic Review.
This follows a profit of Rs. 34.2 billion recorded in 2024. The CPC’s outstanding foreign currency-denominated loans and import bills stood at $ 252 million at the end of 2025.
The Central Bank noted that global crude oil prices declined during 2025, with the annual average Brent crude price falling by 14.5% to $ 68.25 per barrel from $ 79.79 in 2024, amid concerns over excess supply and subdued global growth.
Accordingly, the average import price of crude oil for the CPC declined by 13.5% to $ 73.22 per barrel. Domestic petroleum prices also eased, with Petrol 92, Auto Diesel and Kerosene prices reduced by Rs. 15, Rs. 9 and Rs. 8, respectively, by end-2025 compared to the previous year.
Petroleum sales volumes increased by 7.4% year-on-year, reflecting improved economic activity. However, supply disruptions linked to geopolitical tensions in the Middle East led to a spike in crude oil prices in March 2026, prompting significant upward price adjustments outside the regular monthly pricing mechanism
