Pakistan’s oil sales climbed to 1.3m tonnes in August, with petrol and diesel offsetting sharp declines in furnace oil, according to data released by Topline Securities.
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The total represented a 7% year-on-year rise and a 6% increase from July. In the July–August period, overall oil sales reached 2.523m tonnes, up 5% compared to last year.
Petrol consumption was the key contributor. At 675,000 tonnes in August, sales were up 8% YoY and 10% MoM. In the two-month span, petrol sales grew to 1.288m tonnes, driven largely by motorcycles, rickshaws, and small passenger cars.
High-speed diesel also posted double-digit growth. Sales rose 14% in August to 522,000 tonnes, with cumulative volumes for July–August up 12% to 1.031m tonnes. Analysts said diesel demand was supported by agriculture and freight transport.
However, furnace oil continued its steep fall. August volumes were limited to 19,000 tonnes, 71% lower than the same month last year.
Sales for July–August plunged 76% to 34,000 tonnes. Experts said Pakistan’s transition away from FO for power generation was accelerating, with cleaner alternatives gaining traction.
Pakistan’s oil sales surged to 1.3 million tonnes in August, a 7% increase from last year, driven by strong demand for petrol and high-speed diesel. Petrol sales were up 8% and diesel sales climbed 14%, largely due to consumption by vehicles and the agriculture sector. In contrast, furnace oil sales plummeted by 71% as the country continues to switch to cleaner alternatives for power generation. Overall oil sales for the first two months of the fiscal year were up 5% to 2.523 million tonnes.
