Karachi, July 04, 2022 (PPI-OT): Pakistan OMCs: Retail throughput sees big fall in final month!

OMC sales clocked in at 1.93mn tons for June’22, down 11% on a MoM basis while remaining stagnant on a YoY basis. This takes total industry volumes for the fiscal year to stand at 22.6mn tons, up 16%YoY. Majority of this YoY rise was led by increases in FO and HSD sales, up 35% and 15% respectively, as power generation from the two fuel sources remained strong during the previous two quarters.

PSO/APL/SHEL/GOP delivered throughput levels of 1.03mn/201k/152k/88k, during the month. This takes their total market shares to end the fiscal year at 47%/8.5%/7%/6.7%, respectively.

Company wise, CNERGY and HASCOL showed the most promised recording their total throughput change by 149%/42% on a MoM basis, taking total monthly sales to 36k and 21k respectively. Overall, industry retail volumes (MS and HSD) shrunk noticeably by 12%/16%MoM and 10%/8%YoY during the period.

Moving forward, with overall competitive landscape improving and phasing out of furnace oil, retail fuels will continue to be the mainstay of the sector while competition from private players also intensifies through increased storage capacities and retail expansions.