KARACHI: Pakistan’s total oil sales uploaded growth of 22 percent in July-August 2021 to 3.9 million tonnes from 1.97 m tonnes throughout the very same period in 2014.
The sales of heater oil registered the highest possible increase of 63pc in August to 508,000 tonnes and also 59pc in July-August to 878,000 tonnes led by climbing prices of Liquefied Gas (LNG) in the global market.
Due to shortage of LNG in the global market heater oil was an alternative fuel for heating system oil, stated Umair Naseer at Top Line Securities.
He claimed the sales of Broadband Diesel (HSD) surged by 32pc in August to 670,000 tonnes from 508,000 tonnes of the same month of in 2015, while 2MFY22 sales swelled by 18pc to 1.390 m tonnes.
Petrol sales rose by 6pc to 737,000 tonnes in August from 697,000 tonnes of the exact same month of last year, while sales in July-August 2021 increased by 10pc to 1.549 m tonnes.
Mr Naseer attributed the enter fuel as well as HSD sales to strong automobile sales and the walking in general oil sales to economic healing as last year’s sales were primarily affected by lockdowns and financial stagnation.
Firm wise data reveals that the Pakistan State Oil (PSO), Attock Oil Limited (APL) as well as Shell Pakistan Limited (SPL) have actually gained in terms of their market share.
The PSO published a development of 36pc year on year as its oil sales clocked in at 1.0 m tonnes. Its heater oil sales leapt by 80pc as its market share in this segment rose to 66pc in August this year versus 60pc in August 2020.
APL’s oil sales increased by 56pc year on year to 0.2 m tonnes whereas, SPL’s sales were up by 28pc to 0.1 m tonnes.
Hascol witnessed a decrease of 76pc in August 2021 as it continued to lose its market share to just 1pc from 10pc three years earlier.