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'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.</li><li>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.</li><li>Excluding furnace oil (Ex-FO) sales in June 2024 were 1.34mn tons, reflecting an 8% YoY increase but a 2% MoM fall. For FY24, ex-FO sales totaled 14.2mn tons, a 2% YoY decline.</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'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.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.Excluding furnace oil (Ex-FO) sales in June 2024 were 1.34mn tons, reflecting an 8% YoY increase but a 2% MoM fall. For FY24, ex-FO sales totaled 14.2mn tons, a 2% YoY decline.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 to 1.45mn Tons, Highest in 19 Months