Oil sales jump 20% in Sep

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

Add Mettisglobal as a Trusted Source on Google

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	178,262.34 385.16M	4.23% 7241.13
ALLSHR	107,837.44 1,028.26M	3.85% 4001.05
KSE30	53,347.67 160.21M	4.70% 2395.68
KMI30	251,510.37 142.71M	4.52% 10876.50
KMIALLSHR	69,173.86 484.44M	3.91% 2601.11
BKTi	51,064.73 51.74M	4.91% 2391.50
OGTi	35,248.42 10.48M	4.59% 1546.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,180.00	64,810.00 63,035.00	-1785.00 -2.75%
BRENT CRUDE	87.10	88.06 86.98	-1.26 -1.43%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	-0.25 -0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	81.26	82.24 81.13	-1.35 -1.63%
SUGAR #11 WORLD	14.56	14.75 14.54	-0.21 -1.42%