Observer Report
Karachi
The sale of petroleum oil products dropped net 2% to 1.52 million tons in September mainly due to subdued activities in the agriculture sector of Pakistan.
The drop in sales would have been larger if consumption of furnace oil had not increased in the wake of growing gas crisis, as the government opted to resume production from expensive oil-fired plants to meet power demand in the country, experts said.
The overall sale of petroleum oil products stood at 1.55 million tons in the previous month of August, JS Research said citing data from Oil Companies Advisory Committee.
“Demand for petroleum products, mainly for diesel, has declined due to near completion of harvesting season for summer crops (paddy/rice, sugarcane, maize and cotton) in the country,” Topline Research Deputy Head Shankar Talreja said while talking to The Express Tribune.
