Oil Marketing Companies: Pakistan OMC’s sales rise 19% MoM in Oct-2023 Ex-Furnace Oil sales up 24% MoM – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan OMC&rsquo;s recorded sales of 1.3mn tons up 19% MoM and Ex-Furnace Oil (FO) sales up 24% MoM in Oct-2023. The MoM jump in sales is due to low base of the previous month amid higher prices and consumers were waiting in anticipation of a decline in prices to fuel up their tanks.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Average Petrol price of Oct 2023 came down to Rs303/lit compared to Rs318/lit in Sep-2023. Similarly average Diesel prices came down to Rs311/lit in Oct-2023 from Rs321/lit in Sep-2023.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On YoY basis, in Oct-2023 total OMC&rsquo;s sales down 24% YoY while Ex-FO sales down 17%...