OMCs: Sales up by 26% YoY in Aug, APL leads the growth chart

News Image

MG News | September 02, 2021 at 02:00 PM GMT+05:00

0:00

September 2, 2021 (MLN): The overall sales volume of the Oil and Marketing industry has increased by 26% YoY to stand at 1.96MTs in the month of August’21 as compared to 1.55MTs in the same month a year ago.

However, on a monthly basis, the sale of Petroleum and Lubricants was down by 1% amid a decline in retail fuel sales due to lesser working days.

The YoY growth in industry sales was largely supported by a surge in economic activity amid higher exports, imports, and growth in LSM on account of rising demand from both local and foreign consumers, a report by Arif Habib Limited said.

Besides, higher sales volumes of HSD, robust growth in automobile sales numbers, rising tourism in Pakistan, and higher reliance on FO-based power plants also boosted the industry’s sales volume.

Cumulatively, during 2MFY22, sales of total petroleum products jumped by 21% YoY to 3.90MTs against 3.22MTs in the same period last year.

Category-wise, HSD, and FO posted double-digit growth of 32% and 63% YoY during Aug’21 with offtake undergoing a jump to 0.67MTs and 0.51MTs respectively. This takes the cumulative 2MFY22 sales of HSD and FO to 1.18MTs and 0.55MTs, up by 18% and 59% YoY respectively.

Similarly, MS sales also moved up by 6% YoY to 0.74MTs during Aug’21 while during 2M of FY22, the sales volume of MS surged by 9% YoY to 1.42MTs.

Company-wise analysis demonstrates that Attock Petroleum Limited (APL) led the volumetric growth chart by posting massive 56% YoY growth in Aug’21 which was majorly contributed by sales growth of FO and HSD by 99% and 65% YoY, respectively.

This growth was followed by Pakistan State Oil Company Limited (PSO), depicting a growth of 36% YoY supported by strong sales growth of FO by 80% YoY and HSD by 32% YoY. Likewise, SHEL also followed suit and recorded a growth of 28% YoY, in Aug’21.

However, HASCOL witnessed a massive decline of 79% YoY due to a decline in sales volumes of MS, HSD, and FO by 82%, 76%, and 70% YoY respectively.

With regards to market share, PSO turned out to be a major winner as it managed to expand its market share by 3.7ppt YoY to 52.2% compared to 48.5% in 2MFY21.

Whereas the market share of APL and SHEL remained stable at 9.3% and 7.2%. However, the market share of HASCOL and Others dropped by 3.5ppt and 0.3ppt YoY to 1.7% and 29.7% respectively in 2MFY22 against 5.1% and 30% in 2MFY21.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg