Petronas profit falls 29% in 2Q to RM16b amid lower oil prices, which it expects to remain in near term Petroliam Nasional Bhd (Petronas) posted a 29% drop in profit after tax (PAT) for its second quarter ended June 30, 2023 (2QFY2023) to RM16.4 billion from RM23 billion in the corresponding quarter a year ago, as average realised prices for all products fell amid lower crude oil prices, which are down 26% year-on-year.