No Diesel Imports in July as Local Refineries Produce Over 500,000 Tonnes
Pakistan did not import high-speed diesel (HSD) in July, the first month of the current financial year, as local refineries … Read More The post No Diesel Imports in July as Local Refineries Produce Over 500,000 Tonnes appeared first on ProPakistani .
In July, Pakistan did not import high-speed diesel (HSD) as local refineries produced sufficient fuel to meet domestic demand, according to oil sector data. The first month of the current financial year saw local refineries producing over 500,000 tonnes of HSD, enough to satisfy the nation's requirements. The absence of imports was attributed to high import premiums, discouraging purchases from the Middle East, where HSD is primarily sourced.
Kuwait Petroleum Corporation is the primary supplier to Pakistan State Oil under a long-term agreement. HSD sales surged 19 percent year-over-year and 25 percent month-over-month in July, fueled by increased demand met through local refinery output. Despite this, a Pakistan State Oil vessel carrying imported HSD was anticipated to arrive soon.
In July, Pakistan also imported 345,361 tonnes of petrol, all of which was 92 RON, with no 95 RON or 97 RON imports recorded. Furnace oil exports remained modest, with 29,853 tonnes of high sulfur, 8,354 tonnes of medium sulfur, and 26,411 tonnes of low sulfur furnace oil exported during the month.
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