Oil Marketing Companies: Pakistan OMC’s Sales Rise to 1.45mn tons, Highest in 19 months FY24 Sales reach 18-year Low – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan's Oil Marketing Companies (OMCs) recorded their highest sales in 19 months, reaching 1.45mn tons in June 2024. This represents an 8% YoY increase and a 4% MoM rise, driven mainly by reductions in petrol and diesel prices.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite this strong monthly performance, total sales for FY24 totaled at 15.3mn tons, a 8% YoY decline compared to 16.6mn tons in FY23. This marks an 18-year low, with sales volumes similar to those last seen in FY06.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Excluding furnace oil (Ex-FO) sales in June 2024 were 1.34mn tons, reflecting an 8% YoY increase but a 2% MoM fa...