ISLAMABAD: The Pakistan State Oil (PSO) sold 275,850 tons of gasoline during the first quarter of the current financial year, which is the highest-ever quarterly sales in its history, an official of the company said in a statement on Monday.
However, the quarter was marked by downward trend in the country’s fuel consumption due to the devastation of communication infrastructure and closure of some power entities caused by the recent floods, the official said.
The company’s market share in the black and white oil segments stood at 82.2 percent and 54.7 percent, respectively, contributing to an overall market share of 68.4 percent, the official said.
Sources said that the overall black and white oil consumption was down by 6.9 percent. In white oil, the industry was down by 5.8 percent.
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