KARACHI: Due to a decrease in the industrial output, mainly the auto industry, and a shift to re-gasified liquefied natural gas (RLNG) from furnace oil in power generation, the sales of petroleum products dropped to a six-and-a-half-year low at 4.42 million tons in the quarter ending September 30, 2019.
Oil sales have recorded a fall of 13%, as compared to the same quarter of the last year. This is the eighth successive quarter in which oil sales have continued to fall in the country, due to the drop in vehicle sales also causing a shrink in demand for petroleum products for the first time in a quarter in the past 10 years
Furthermore, availability of the relatively cheaper fuels like imported gas (RLNG) and coal have replaced the oil in the power sector over the past two years, which has caused the sales of oil products to drop to a six-and-a-half-year low in Pakistan.
For news and blogs, visit Graana.com.
Islamabad: IMARAT Group has started landscaping works at the PWD Underpass, marking a fresh effort…
Islamabad: The Capital Development Authority has sent a summary to the Interior Ministry, requesting that…
Karachi: Sindh Chief Minister Murad Ali Shah has approved a record development budget of PKR…
Quetta: The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the Balochistan…
Rawalpindi: Phase I of the Rawalpindi Ring Road project is nearing completion, while the Rawalpindi…
Islamabad’s Capital Territory is set to get its own Capital House in Sector F-5 following…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
