Diesel Consumption in June 2022 Falls by 8%

Diesel consumption in June 2022 was at 713,000 tons vs 776,000 tons in the same period last year

Petrol sales dropped by 10 percent in June 2022 to 702,000 tons

Drop-in sales were due to ever-rising petroleum product prices

Furnace oil sales in June 2022 rose sharply by 33 percent

Furnace oil sales amounted to 453,000 tons in June vs 339,000 tons in the same period last year

Sales of FO increase as the government raises the consumption of the product to run power plants

Continuous failure of procuring LNG on a spot basis force govt to run power plants on FO

The LNG spot price has reached to all-time high level of 40 dollars/MMBtu