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Pakistan Oil Product Sales Gain at Pace

ENERGY

Pakistan's oil product sales in May increased 28% on the back of higher sales of fuel oil as government-owned power producers bought more of the product to reduce load shedding hours in the country.

  • The country's overall petroleum product sales last month amounted to 2.174 million mt, compared with 1.692 million mt a year earlier, Oil Companies Advisory Council data showed. Consumption of fuel oil, or furnace oil, in May rose 174% year on year to 461,000 mt.
  • Sales of fuel oil were higher owing to a shortage of LNG in the country.
  • Motor gasoline sales in May totaled 797,000 mt, up 9% year on year, while gasoil sales were up by 12% to 852,000 mt, the data showed. A rise in demand was due to improvement in economic and farm activities during the period under review. Harvesting season also bolstered the demand for gasoil, with the harvesting of wheat in full swing.
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