AIRLINK 189.36 Increased By ▲ 1.33 (0.71%)
BOP 11.10 Decreased By ▼ -0.76 (-6.41%)
CNERGY 7.28 Decreased By ▼ -0.26 (-3.45%)
FCCL 36.65 Decreased By ▼ -1.14 (-3.02%)
FFL 14.95 Decreased By ▼ -0.29 (-1.9%)
FLYNG 26.19 Increased By ▲ 0.66 (2.59%)
HUBC 130.89 Increased By ▲ 0.74 (0.57%)
HUMNL 13.47 Decreased By ▼ -0.14 (-1.03%)
KEL 4.28 Decreased By ▼ -0.07 (-1.61%)
KOSM 6.08 Decreased By ▼ -0.09 (-1.46%)
MLCF 45.94 Increased By ▲ 0.26 (0.57%)
OGDC 201.86 Decreased By ▼ -4.57 (-2.21%)
PACE 6.12 Decreased By ▼ -0.26 (-4.08%)
PAEL 38.36 Decreased By ▼ -1.95 (-4.84%)
PIAHCLA 16.73 Decreased By ▼ -0.22 (-1.3%)
PIBTL 7.94 Decreased By ▼ -0.09 (-1.12%)
POWER 9.86 Decreased By ▼ -0.17 (-1.69%)
PPL 173.46 Decreased By ▼ -5.38 (-3.01%)
PRL 34.73 Decreased By ▼ -1.63 (-4.48%)
PTC 23.95 Decreased By ▼ -0.44 (-1.8%)
SEARL 101.74 Decreased By ▼ -1.42 (-1.38%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 32.70 Decreased By ▼ -3.54 (-9.77%)
SYM 17.93 Decreased By ▼ -0.30 (-1.65%)
TELE 8.14 Decreased By ▼ -0.24 (-2.86%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.40 Increased By ▲ 0.07 (0.1%)
WAVESAPP 11.80 Decreased By ▼ -0.21 (-1.75%)
WTL 1.52 Decreased By ▼ -0.05 (-3.18%)
YOUW 3.90 Increased By ▲ 0.01 (0.26%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

KARACHI: Total petroleum and lubricant sales clocked in at 1.75 million tons in November 2021, depicting an increase of 2.0 percent on year-on-year basis while down by 12 percent on month-on-month on account of significant decline in furnace oil (FO) volumes.

FO volumes clocked in at 0.18 million tons, down by 46 percent on month-on-month basis compared to 0.33 million tons in October 2021. The decline in sales volumes is attributable to power requirement in winter season, which is usually lower compared to summer resulting in slowdown in dispatches and increase in prices of MS and HSD, Arsalan Hanif at Arif Habib Limited said.

On a yearly basis, sales volumes witnessed a meager growth of 2.0 percent on YoY which was mainly led by sales growth in FO and HSD by 3.0 percent and 1.0 percent, respectively. During the first five months of FY22, sales of total petroleum products increased by 18 percent on YoY to 9.60 million tons versus 8.16 million tons in the same period last year.

Dissection of data revealed that double digit growth was witnessed in all categories; MS, HSD and FO with offtake undergoing a jump to 3.81 million tons, 3.74 million tons and 1.78 million tons (amid higher requirement from FO based power plants), up by 11 percent, 20 percent and 29 percent on YoY against 3.44 million tons, 3.12 million tons and 1.38 million tons in the same period last year, respectively.

Company-wise analysis demonstrates that PSO posted growth of 9 percent on YoY in November 2021 which was majorly contributed by sales growth of FO by 86 percent on YoY. This growth was followed by APL and SHEL portraying growth of 19 percent and 6 percent on YoY, respectively. However, HASCOL posted a decline of 78 percent on YoY due to significant decline in sales volumes of MS and HSD.

During the first five months of FY22, PSO managed to expand its market share by 4.5 percent to 51.0 percent compared to 46.4 percent in the same period last year. The market share of APL and SHEL remained stable at 9.4 percent and 7.6 percent. However, market share of HASCOL and other OMCs dropped by 3.6 percent and 1.0 percent to 1.4 percent (5.0 percent in 5MFY21), and 30.6 percent (31.6 percent in 5MFY21), respectively.

Copyright Business Recorder, 2021

Comments

Comments are closed.