Pakistan Records Lowest Annual Petroleum Sales in FY24
Karachi, July 1, 2024 – Pakistan has recorded the lowest annual petroleum sales for the fiscal year 2023-24, according to data available since the fiscal year 2005-06.
Karachi, July 1, 2024 – Pakistan has recorded the lowest annual petroleum sales for the fiscal year 2023-24, according to data available since the fiscal year 2005-06.
PkRevenue.com — Pakistan has recorded a 9 percent decline in petroleum sales during the first 11 months (July–May) of the fiscal year 2023-24 compared to the same period in the previous fiscal year.
In a concerning turn of economic events, Pakistan has witnessed an 11 percent year-on-year decrease in petroleum sales in the first ten months of fiscal year 2023-24, according to industry reports.
Karachi, April 2, 2024 – Pakistan’s petroleum sector has encountered a significant decline in sales during the first nine months of the fiscal year 2023-24, recording an 11 percent drop compared to the same period last year.
Karachi, March 2, 2024 – Pakistan’s petroleum industry has witnessed a substantial 13% decline in sales during the first eight months (July – February) of fiscal year 2023-24, compared to the same period in the previous fiscal year.
Karachi, February 1, 2024 – The petroleum industry in Pakistan has witnessed a significant downturn as sales of petroleum products dropped by 13 percent during the first seven months (July-January) of fiscal year 2023-24.
Karachi, January 2, 2024 – Pakistan has reported a significant 15% decline in petroleum sales during the first half (July – December) of the fiscal year 2023-24.
Karachi, December 4, 2023 – Pakistan has witnessed a significant upswing in oil sales, marking a 9 percent Month-on-Month (MoM) increase in November 2023. The surge in sales is attributed to the declining prices in the petroleum market.
Pakistan experienced a substantial 24 percent YoY decline in total petroleum sales during the month of October 2023, with experts pointing to various factors contributing to this downturn.
Karachi, October 2, 2023 – Pakistan’s domestic sales of petroleum products experienced a significant decline, plummeting by 34 percent year on year (YoY) in September 2023, according to a report by the research team at Arif Habib Limited.