PSO eyes 50% market share in the coming 5 Years

News Image

By MG News | October 06, 2017 at 02:58 PM GMT+05:00

0:00

According to a Bloomberg report, Pakistan State Oil is eyeing to retain its 55% market share in Pakistan. Despite a drop in furnace oil demand, the Chief Executive, Sheikh Imran ul Haque has said that PSO is working hard to retain its share in the local market.

Industry sales are expected to decline during the current fiscal year 2018. The demand is expected to drop by 0.5 million tons year on year as Pakistan increases its LNG consumption.

Gasoline sales during the year are expected to rise by 10% year on year; Diesel sales are expected to increase 4 – 6%. Company is currently buying directly from the traders via Fujarah, Bloomberg reported. 

Related News

Name Price/Vol %Chg/NChg
KSE100 132,760.67
103.47M
-0.48%
-642.52
ALLSHR 83,072.89
580.24M
-0.14%
-115.17
KSE30 40,397.90
36.27M
-0.62%
-253.56
KMI30 191,086.91
41.15M
-0.52%
-997.00
KMIALLSHR 55,761.55
296.60M
-0.15%
-86.14
BKTi 36,215.95
6.40M
-0.57%
-206.93
OGTi 28,285.50
7.36M
-0.53%
-152.11
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,165.00 109,545.00
108,625.00
-50.00
-0.05%
BRENT CRUDE 70.18 70.21
69.85
0.03
0.04%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.34 68.37
67.78
0.01
0.01%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News

Top 5 things to watch in this week

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