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Pakistan's oil consumption downtrend likely to spill over to early 2023

The file photo taken on February 22, 2011, shows a range of tankers parked outside a local oil refinery in Pakistan's port city of Karachi. (AFP/FILE)

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Updated 05 January 2023

S&P Global

January 05, 2023 10:08

Pakistan's oil consumption downtrend likely to spill over to early 2023

Updated 05 January 2023

S&P Global

January 05, 2023 10:08

January 4: S&P Global says a downtrend seen in Pakistan's oil consumption in the first six months of the current fiscal year (July 2022-June 2023), led by sluggish industrial activity, weak auto sales and lofty product prices, is likely to spill over to early 2023, analysts told S&P Global Commodity Insights.