OCAC reports increasing sales trends for fuel products in Pakistan

The Oil Companies Advisory Council (OCAC) has reported increasing sales trends for fuel products in Pakistan for the month of November 2022.

The high sales trend is primarily driven by the ongoing agriculture season and escalating pace of infrastructure rehabilitation by the Government in flood-stricken areas.

The international market has been volatile since February 2022 due to the impact caused by Russia/Ukraine conflict on oil prices & availability.Oil sales in Pakistan recover by 9% MoM in October 2022

Despite the challenges, the Oil industry has been successfully striving to meet the fuel demand of the Country backed by the local refineries and through the import of deficit products.

In order to cater to the energy needs, the country has an inventory of more than 400,000 MT HSD and 500,000 MT MS respectively; imports of 250 KT HSD and 364 KT MS are already finalized and the refineries are committed to supplying local fuel in line with their tabled production.

OGRA, OCAC, and the Oil Industry are reviewing the sales trend and closely monitoring it on a day-to-day basis through regular consultative engagement sessions to ensure that the fuel supplies remain streamlined for meeting the demand of the country.