The overall sales of oil marketing companies (OMC) have increased by 3.8 percent to 1.62 million tons in July 2007 as compared to 1.56 million tons recorded during the same month in 2006.
Sales of all products except LDO remained on increase. MoGas sales rose the most by 23 percent to 123,000 tons, whereas in absolute terms HSD sales added the most to the volume growth. "The major reason for the enhanced MoGas sales could be attributed mainly to the curtailment of smuggling from Iran," Jawad Haleem an analyst at Atlas Capital Markets said.
Fuel oil sales have also remained firm despite hydroelectric power generation in the wake of the rainfall this year. PS0's sales volumes during the month under review rose by 8 percent (76,000 tons) to 1.09 million, while its market share rose by 2.3pps to 67 percent.
Sales of APL were up 13 percent (15,000 tons) to 129,000 tons, whereas its market share rose by 0.7pps to 8 percent. Shell continued to take the brunt of deteriorating volumes as its sales fell by 8 percent (18,000 tons) to 214,000 tons during July 2007 over the corresponding month of last year. The market share of the company dropped 1.7pps to 13.2 percent.
A very different picture is revealed when making m-o-m comparison vis-à-vis individual companies. PS0 saw a near negligible increase in sales volumes of 4,000 tons, while market share plunged by 2.2pps over 69 percent in June 2007. Shell's sales were up 2.7 percent with no change in market share. APL on the other hand witnessed a 27 percent surge resulting in a 1.5pps gain in market share over 6.5 percent in the previous month.
Comments
Comments are closed.