Petrol sales in July jumped by over 12.5 percent to a record 0.81 million tons, compared to 0.72 million tons in the same period last year.
This was reported by Arif Habib Limited (AHL).
“The highest ever MoGas (petrol) sales of 0.81 million tons was recorded over July 2021, up 12.5 percent from 0.72 million in the same month last year,” said Arif Habib Limited (AHL) in a statement.
The sequential growth was mostly driven by a “rebound in overall economic activities,” which led to increased transportation activities, which are increasing mass demand for oil products.
Furthermore, according to the AHL data, the sale of many other petroleum products (including diesel and furnace oil) increased by 10% to 1.94 million tons in July, compared to 1.66 million tons in the same month last year.
For comparison, furnace oil sales increased by 54% in July to 0.37 million tons, compared to 0.24 million tons in the same month in 2020.
Diesel sales had also created a few ripples in the oil and gas industry, increasing by 7% to 0.72 million tons in July from 0.68 million tons the previous month.