Islamabad August 1, 2024: The latest data from oil marketing companies reveals a decline in volumetric sales, with a 17 percent drop MoM and an 11 percent drop year-on-year (YoY) in July 2024. Total sales for the month reached 1,196K tons, compared to 1,447K tons in June 2024 and 1,350K tons in July 2023.
Oil marketing companies’ sales declined by 17 percent MoM in July 2024 due to higher prices and the rainy season in the country
Sales of Motor Spirit fell by 16 percent MoM and 10 percent YoY, totaling 591K tons in July 2024. High Speed Diesel sales also declined, dropping by 18 percent MoM and 6 percent YoY to 465K tons during the month.
Pakistan State Oil Company (PSO) sold 546K tons of petroleum products, capturing 46 percent of total industry sales. Total PARCO’s market share for the month was 11 percent, with the company selling 126K tons of petroleum products.
