Total Petroleum sales arrived at 1.82mn tons in Mar’22, witnessing a jump of 23% YoY and 19% MoM (due to extra working days compared to February). The growth in sales volumes is primarily attributable to i) growth in auto sales leading to increase in demand of MS, and ii) higher reliance on FO based plants.

With this, MS reported a growth of 13% YoY | 19% MoM clocking-in at 0.77mn tons in Mar’22. Likewise, High Speed Diesel (HSD) volumes witnessed an increase of 29% YoY | 17% MoM settling at 0.69mn in Mar’22. Whereas, Furnace Oil (FO) sales volumes ascended by 33% YoY | 27% MoM in Mar’22, reaching 0.28mn tons which is attributable to higher demand from IPPs.

During 9MFY22, sales of total petroleum products climbed up by 15% YoY to 16.26mn tons against 14.15mn tons in SPLY. Product wise data showed that double digit jump was witnessed in all categories; offtake of MS, HSD and FO clocked-in at 6.68mn tons, 6.38mn tons and 2.67mn tons, respectively.

Courtesy – AHL Research