Pakistan Refinery Limited, in light of its new operational strategy, has undertaken certain non-CAPEX options, implementations of which is expected to have a positive impact on the Company. As a part of the new operational strategy the Company has considered new crude oil recipes which are expected to positively change the product slate and also make Refinery compliant with regulatory requirements. This change of crude oil recipe, coupled with other initiatives already undertaken, is expected to contribute as follows: The Company is now producing Motor Gasoline (Petrol) of 92 RON thus saving the RON differential penalty. The Company is also producing MS 95/97 RON generating additional revenue. By the end of the current financial year, the Company is expected to produce EURO II standard High-Speed Diesel (HSD) thus becoming compliant with regulatory requirements and saving price differential and penalty, currently being paid on the non-compliant HSD. Price differential and the pe...