External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Oil, gas and consumable fuels / Thematic (Sector/Industry)

<ul><li>Pakistan OMC’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.</li><li>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.</li><li>On YoY basis, in Oct-2023 total OMC’s sales down 24% YoY while Ex-FO sales down 17% YoY. The YoY fall in sales is due to higher fuel prices and economic slowdown.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Pakistan OMC’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.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.On YoY basis, in Oct-2023 total OMC’s sales down 24% YoY while Ex-FO sales down 17% YoY. The YoY fall in sales is due to higher fuel prices and economic slowdown.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Oil Marketing: OMC’s sales rise 19% MoM in Oct-2023