Karachi August 1 2022: Sales of petroleum products plunged 26 percent to 1.442 million tons during the month of July 2022 when compared with the sales of the previous month, as per data of OCAC.
The significant decrease in sales is recorded due to increase in mammoth increase in petroleum prices from government in order to meet IMF conditionality.
Since 27th May 2022 , government has increased price of Petrol by PKR 47.33 per liter to PKR 227.19 per liter and price of Diesel increased by PKR 70.8 per liter to PKR 244.95 per liter.
Sales of Motor Spirit (MS) during July 2022 decreased by 15 percent to 594 thousand tons compared to 702 thousand tons during June 2022. On year on year basis, the sales of MS also decreased by 27 percent.
Sales of High Speed Diesel (HSD) during July 2022 decreased by massive 38 percent to 444 thousands tons compared to 713 thousands tons during June 2022. On year on year basis, the sales of HSD decreased by 38 percent.
During the month of July 2022, sales of Furnace Oil decreased by 23 percent to 350 thousand tons compared to sales of 452 thousand tons during June 2022. However, on year on year basis sales of Furnace oil also decreased by 5 percent.
