KARACHI: Pakistan’s Oil Marketing Companies (OMCs) sales during the year ended June 30, 2020 witnessed a downfall of 11 percent to 16.41 million tons with the major contributor being Furnace oil (FO) which goes down by 36 percent in FY20, numbers revealed by Oil Companies Advisory Committee (OCAC) suggest. However, a total of 1.62 million…
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Pakistan’s overall petroleum products’ sales decline 36% to 1.1mn tons
KARACHI: Pakistan’s overall petroleum products sales by oil marketing companies (OMCs) during April 2020 declined by 36 percent YoY to 1.1 million tons as economic activities declined significantly across country on the back of COVID-19 concerns, latest numbers issued by Oil companies Advisory Committee (OCAC) suggests. “As per market sources, oil consumption witnessed a rising…