Pakistan’s total oil sales rose by 11 percent to 11.27 million tons duringthe first seven months of the fiscal year 2020-2021 (FY21) as compared to10.14 million tons in the corresponding period.

The increase is being said to have happened due to a massive jump in demandfor furnace oil (FO), high-speed diesel (HSD), and petrol.

FO sales shot up by 37 percent to 1.916 million tons from July 2020 toJanuary 2021, while HSD sales went up by 12 percent to 4.29 million tonsand petrol sales going up by 6 percent to 4.75 million tons.

According to an analyst, the rising furnace oil sale was due to high demandfrom the power sector as there was a gas shortage during winter. Theanalyst also mentioned an overall pick-up in economic activity as anotherreason for the higher oil demand.

Petrol sales have remained robust due to the increasing sales of cars,LCVs, and two/three wheelers during the first half of the current fiscalyear.——————————

The prolonged shutdown of CNG pumps in Sindh and in upcountry under a gasload-shedding program to provide uninterrupted gas to the householdconsumers also led cars and CNG rickshaws to move towards petrol.

With the launch of various Chinese and Korean cars, SUVs, jeeps, etc., seenin the last two months, coupled with significant imports of vehicles by thenew entrants in the first half of FY21, it may be expected that petrolsales may further go up in coming months.

via Dawnlink