Oil sales increase by 26pc YoY in September: Report

21
Karachi

Sale of oil products increased by 26 percent on a year-on-year (YoY) basis to 1.93 million tonnes in September 2021 as compared to 1.52 million tonnes in the same month of the last year.

According to analysts at Topline Securities, the same trend is likely to remain largely similar on a month-on-month (MoM) basis due to rising pump prices, lower transportation activity, and lower fur-nace oil demand, .

In the first quarter of the current fiscal year, Pakistan oil sales are likely to clock in at 5.8 million tons, which will be the highest quarterly sales since the fourth quarter of fiscal year 2017-18.Growth in oil sales in September 2021 has mainly been driven by higher petrol and High Speed Diesel. . —TLTP

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