Karachi: The consumption of petroleum products in Pakistan reached 13.17 million metric tonnes (MMT) during the first nine months of the current financial year, reflecting an annual sliding increase of 7.04% against 12.3 mmt in the same period2024.
According to the 2024-25 economic survey, consumption trends in various economic sectors have been influenced by changes in industrial activity, electricity production needs, transportation demand and public operational and abroad.
The transport sector remained the dominant consumer, with an increase of 7.99% – from 9.76 mmt in July -Mail -Mars 20024 to 10.54 mmt during the same period of the 201025 financial year – representing 80% of total demand. This increase reflects higher mobility, a rebound in trade and logistics, and a stronger fuel demand for road transport and commercial vehicles.
On the other hand, industrial consumption decreased by 7.35%, from 815.32 thousand metric tonnes (MT) to 755.4,000 Mt (7.0% of total demand). This decrease is probably due to a reduction in production in certain subsectors with high energy intensity or a change to cheaper energy alternatives such as natural gas and renewable energies, noted the survey.
The energy sector recorded a net drop of 77.68% in annual sliding of oil use, at only 116.21,000 Mt in July-Mars for the 2010 financial year. This steep reduction is attributed to a pivot with hydroelectricity, nuclear, coal (in particular Thar coal) and Imported LNG in the production of electricity, reducing dependence furnace.
The inner sector experienced a modest consumption increase of 7.34%, while the use of agriculture decreased by 3.35% – probably due to the improvement of mechanization and a slightly lower seasonal demand. Meanwhile, the use of oil in the government sector increased by 3.27%.
The sector abroad – which includes sales of bunker and other exports – posted a significant increase of 57.18%, from 948.03 thousand MT in July 20124 to 1,490.11,000 Mt during the same period of the 20125 financial year. This increase is largely motivated by an increase in shipping activity and a higher supply of supply in Pakistani ports.
During the nine -month period, Pakistan imported 12.53 mmt of petroleum products, against 11.14 mmt in the same period last year – marking a 12.5% increase in volume. However, the import bill remained almost stable at 8.4 billion dollars, slightly lower than 8.44 billion dollars recorded in July 20124. This reflects a combination of higher volumes offset by the drop in world oil prices and more efficient purchases.
Motor -minded imports (MS) increased by 11.3% in volume to 3.98 mmt, but import value dropped from 5.1% to 3.04 billion dollars, compared to $ 3.2 billion last year. This divergence highlights the impact of the softening of world prices despite an increase in domestic demand.
