Sales of petroleum products plunge by 3pc on annual basis in Pakistan

Islamabad: In the first quarter of the current financial year, the sale of petroleum products in the country recorded a three percent decrease on an annual basis.

According to Oil Companies Advisory Council (OCAC) and industry data, sales of petroleum products were recorded at 3.68 million tonnes in the first quarter of the financial year, which is three percent less than 3.81 million tonnes in the first quarter of the previous financial year.

In September 2024, the sale of 1.27 million tonnes of petroleum products was recorded in the country, which is five percent more than in September last year.

According to the data, 1.85 million tonnes of petrol, 1.42 million tonnes of High-Speed Diesel (HSD) and 0.21 million tonnes of furnace oil were sold in the first quarter of the financial year.

In the first quarter of the last financial year, the country recorded sales of 1.85 million tonnes of petrol, 1.44 million tonnes of HSD and 0.35 million tonnes of furnace oil.