Pakistan Revenue
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.
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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.
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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.
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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.
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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.
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Karachi, September 2, 2023 – Pakistan’s total petroleum sales for August 2023 reached 1.41 million tons, marking an 8 percent year-on-year (YoY) decline.
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Karachi, August 2, 2023 – Domestic sales of high-speed diesel (HSD) in Pakistan have experienced a sharp decline of 9 percent in July 2023, primarily attributed to the rampant smuggling of Iranian oil into the country, according to analysts at Topline Securities.
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Karachi, July 4, 2023 – Petroleum product sales in Pakistan have reached a 17-year low during the fiscal year 2022-23, according to recently released data on Tuesday. The decline in sales can be attributed to higher product prices and an overall economic slowdown, which have significantly impacted demand.
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Karachi, June 2, 2023 – Pakistan’s oil sales in May 2023 witnessed a significant decline of 40% compared to the same period last year, amounting to 1.3 million tons.
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Pakistan’s sales of petroleum products during April 2023 were recorded at 1.2 million tons, indicating a 47% YoY decrease and a 6% MoM increase.
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