Pakistani Fuel Companies Showed Highest-Ever Annual Growth
Pakistan’s oil and gas marketing business has grown at its greatest rate of 44% year over year, according to a report by Arif Habib Ltd.
Read More: Govt Goes Ahead With Petrol Subsidy After Telling IMF it Won’t
Despite a weak beginning, this development is still going strong. Total petroleum and lubricant sales reached 1.49 million tonnes in March 2021, a growth of 44 percent on an annual basis and 6 percent on a monthly basis, which is a considerable amount.
That might be explained by the fact that March 2020 had a full shutdown compared to March 2021, while February 2021 had fewer working days.
Read More: Influence of Taxes on Fuel Prices Being Observed
For the nine months from July 2020 to March 2021, petroleum income increased by 15% annually, reaching 14.15 million tonnes, up from 12.27 million the previous fiscal year.
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