Petrol sales surged to 614,000 tons in February compared to 527,000 tons in the same month last year, according to data compiled by Topline Securities. “Mogas sales posted 10-month high growth of 16% year-on-year in expectation of rise in petrol prices,” the brokerage house analyst Shankar Talreja said in a commentary on Monday. Excluding further oil, the overall sales increased 4% to 1.25 million tons compared to 1.20 million tons. Cumulatively, in the first eight months (July-February) of FY19, the overcall sales (including FO) declined 27% to 12.16 million tons. Product-wise, GO (unlisted company) remained the top performer in petrol sales and gained 2.3 percentage points in its market share to 8%.

Source: The Express Tribune March 05, 2019 03:00 UTC