Pakistani Oil Sales Soar as Iran Fuel Smuggling Declines

Pakistan's oil marketing companies (OMCs) have seen a significant surge in sales due to tightened border controls that have curbed the smuggling of illicit Iranian fuel into the country.

The OMCs reported a 23% year-on-year increase in sales, with 1.5 million metric tons sold in July, according to Topline Research data.

The increased sales were mainly attributed to reduced fuel smuggling and improving economic activity, said Myesha Sohail of Topline Securities.

Pakistan State Oil reported the strongest gains, with its sales rising 38% year-on-year to 702,000 tons, increasing its market share to 46.52%.