Oil & Gas Marketing Companies: Pakistan oil sales +5% YoY in Oct 2017 – By Topline Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Oil marketing sector (OMCs) registered sales growth of 5% in Oct 2017 clocking in at 2.5mn tons for the month which was slightly below expectations. This was mainly driven by MOGAS (Petrol) sales that were up 9% YoY. In contrast, HSD (High Speed Diesel) sales were up only 2% YoY, which is more sensitive to oil prices changes.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, Petrol &amp;amp; Diesel prices were raised by 3% to Rs74/ltr and Rs79/ltr by Govt. of Pakistan due to rising international oil prices trend.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Furnace Oil (FO) sales growth remained muted at 2% as initiation of coal and LNG based power plants slowed down F...