March 6, 2019 (MLN): During the out-going month i.e. February, Oil Marketing Companies observed a decline of 9% MoM in sales, primarily due to a massive drop in Furnace Oil (FO) sales by 53% MoM, which stood at 171k MT. This was a result of greater inclination of Power plants towards RLNG as a cheaper substitute. On the other hand, High Speed Diesel (HSD) volumes rose by 8% MoM to stand at 584k MT.
On yearly basis, OMCs witnessed a decline of 2%, on account of 31% decline in Furnace Oil (FO) due to its lower consumption in power generation. Further, MS sales posted 10-month high growth of 16% YoY in expectation of rise in petrol prices.
APL outperformed its peers on YoY basis, as its overall volumes increased by 3% with major contribution coming in from growth in MS sales by 16%. However, the company’s performance on monthly basis was still unsatisfactory as overall volumes fell by 10% due a decline in FO sales by 33% MoM.
HASCOL posted a decline in total volumes by 10% MoM to 196k MT, as the company’s FO sales fell by 48% MoM in Feb-19. On yearly basis, the company registered a fall in its total volumes by 6.8% in Feb-19, on account of a dip in the company’s FO volumes, depicting a fall of 37%.
PSO’s aggregate volumes in Feb-19 showed a substantial fall of 14% MoM as they stood at 541k MT, on the back of depressing volumes of FO which fell by 64.1% MoM to 61k MT. However, MS and HSD were up by 2% and 7% MoM respectively. On yearly basis, PSO lost ground in Feb-19, where the total volumes dropped by 9.2%, while FO hugely contributed to the fall, registering a decline of 38% YoY, followed by HSD volumes which fell by 7%.
Feb-19 |
Feb-18 |
YoY |
Jan-19 |
MoM |
|
---|---|---|---|---|---|
Industry |
1,428,067 |
1,455,396 |
-2% |
1,567,797 |
-9% |
FO |
171,429 |
247,137 |
-31% |
362,957 |
-53% |
MS |
613,598 |
527,244 |
16% |
607,996 |
1% |
HSD |
583,913 |
590,910 |
-1% |
538,965 |
8% |
Others |
59,127 |
90,105 |
-34% |
57,879 |
2% |
APL |
142,676 |
138,156 |
3% |
158,968 |
-10% |
FO |
31,263 |
30,070 |
4% |
46,471 |
-33% |
MS |
55,210 |
47,402 |
16% |
55,471 |
0% |
HSD |
52,025 |
56,771 |
-8% |
53,138 |
-2% |
Others |
4,178 |
3,913 |
7% |
3,888 |
7% |
HASCOL |
196,603 |
210,925 |
-7% |
217,757 |
-10% |
FO |
30,122 |
48,107 |
-37% |
58,288 |
-48% |
MS |
74,897 |
68,458 |
9% |
74,762 |
0% |
HSD |
91,169 |
93,809 |
-3% |
84,295 |
8% |
Others |
415 |
551 |
-25% |
412 |
1% |
PSO |
541,197 |
595,770 |
-9% |
631,426 |
-14% |
FO |
61,722 |
100,047 |
-38% |
172,067 |
-64% |
MS |
212,236 |
186,208 |
14% |
207,633 |
2% |
HSD |
217,051 |
234,447 |
-7% |
202,314 |
7% |
Others |
50,188 |
75,068 |
-33% |
49,412 |
2% |
SHELL |
127,775 |
124,410 |
3% |
125,845 |
2% |
FO |
|||||
MS |
78,586 |
71,842 |
9% |
79,487 |
-1% |
HSD |
47,284 |
47,108 |
0% |
44,326 |
7% |
Others |
1,905 |
5,460 |
-65% |
2,032 |
-6% |
26514