Islamabad
The sale of petroleum products increased 6 percent in March 2021 as compared to the previous month while it increased 16 percent during the first nine months (July-March) of the current fiscal year against the corresponding period of the last financial year owing to improved economic activities.
The sales of oil marketing companies (OMCs) were recorded at 1.48 million tonnes in March 2021 as compared with 1.39 million tonnes in February last.
However, on a yearly basis, the total industry volume showed a significant jump of 48 percent from 1m tonnes in March 2020 to 1.48 million tonnes in March 2021.
However, keeping in view that the country was under lockdown during the last week of March 2020, this comparison does not seem appropriate as the demand was severely low.
On a monthly basis, the growth in the industry’s sales was largely supported by a 9 percent month-on-month increase in motor spirit sales to 0.68 million tones.—APP
