Petroleum product sales decline 7% YoY in December, reaching 1.24m tons

The sale of total petroleum products in Pakistan recorded a year-on-year decline of 7% in December, reaching 1.24 million tons.

The decrease was attributed to a surge in prices and an economic slowdown, suppressing demand, according to brokerage house Arif Habib Limited (AHL).

The dip in sales was further influenced by reduced demand for Furnace Oil (FO), particularly amid the reliance on new…