Waheed Mahmood
Down 4.7pc to 8mn tonne in 5M
Ahmed Siddique
KARACHI: The sales of various petroleum products in November, dropped 1.5 per cent YoY as total volume of the POL products (ex non-energy) was recorded at 1.51 million tonnes against 1.53 million tonnes in same period last year, unveiled by the OCAC numbers. On the other hand, consumption of petroleum products fell 18.8 per cent MoM due to Eid holidays and higher volumetric sales witnessed in October 2010 (up by 33 per cent MoM in October).The total volume of the POL products (ex non-energy) was recorded 1.51 million tonnes in November 2010 against 1.86 million in October 2010.
According to data, sales of furnace oil have decreased by 7.9 per cent YoY to 572k tonnes in November 2010 from 621k million tonnes recorded in identical period last year due to circular debt issue.
According to data, sales of furnace oil have decreased by 7.9 per cent YoY to 572k tonnes in November 2010 from 621k million tonnes recorded in identical period last year due to circular debt issue.
Likewise, High Speed Diesel (HSD) showed a drop of 12.9 per cent with sales of 612 thousand tonnes against 703 thousand tonnes in November mainly due to lower agriculture activities.
Kerosene sales also dipped 7.7 per cent to 12k tonnes compared with 13k tonnes in November 2010.
However, Mogas consumption remained up during November as it surged 28.8 per cent to 188 thousand tonnes against 146 thousand tonnes in November 2009.
However, oil sales dipped 4.7 per cent to 8.05 million tonnes in 5MFY11 against 8.45 million tonnes in 5MFY10.
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