Oil sales jump 20% in Sep

MG News | October 02, 2024 at 08:55 PM GMT+05:00

0:00

October 02, 2024 (MLN): The sales of oil marketing companies (OMCs) increased by 20.2% to 1.27 million Metric Tons (MTs) in September 2024 compared to 1.06m MTs in September 2023, data released by Oil Companies Advisory Council (OCAC) showed.

Similarly, on a month-on-month basis, oil sales rose 4.6% compared to the sale of 1.22m MTs in August 2024.

The increase is in part attributed to higher demand driven by a decline in prices for Motor Spirit (MS) and High-Speed Diesel (HSD).

Cumulatively in the ongoing fiscal year (3MFY25), sales stood at 3.68m MTs, down 3.4% against the sales of 3.81m MTs in the same period of last year.

Product-wise, the sales of Motor Spirit (MS), and High-Speed Diesel (HSD) jumped by 22.5%, and 25.5% YoY to stand at 0.63m, and 0.49m MTs in September, respectively.

Meanwhile, the sale of Furnace Oil (FO) decreased by 18.3% YoY and stood at 69,048 MTs.

On a month-on-month basis, the sales of MS, HSD, and FO have increased by 1.6%, 8.4%, and 7% respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	185,098.83 381.92M	2.01% 3642.50
ALLSHR	111,509.35 956.25M	2.13% 2327.02
KSE30	56,737.75 167.91M	2.00% 1112.07
KMI30	260,872.72 165.83M	2.57% 6529.72
KMIALLSHR	71,488.31 461.39M	2.50% 1744.73
BKTi	53,691.60 50.03M	1.27% 672.83
OGTi	38,672.45 45.54M	4.90% 1805.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,660.00	96,060.00 94,395.00	305.00 0.32%
BRENT CRUDE	64.20	64.77 63.44	0.44 0.69%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.95 -2.20%
ROTTERDAM COAL MONTHLY	97.90	98.10 97.70	0.55 0.57%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.22	60.05 58.81	0.14 0.24%
SUGAR #11 WORLD	14.99	15.00 14.60	0.42 2.88%