Moreover, this is the eighth successive quarter in which oil sales have continued to fall in the country. Oil sales recorded a fall of 13% compared to the same quarter of last year. A major decline was witnessed in sales of furnace oil and high-speed diesel to the extent of 29% and 16% respectively. Moreover, furnace oil sales fell due to a drop in its requirement in power generation. Overall oil sales went down 19% to 1.49 million tons in the single month of September compared to 1.85 million tons in the same month last year.

Source: The Express Tribune October 03, 2019 03:22 UTC