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

January 4, 2023 Comments Off

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. Amid oil consumption falling by 19% on the year over July-June followed by a…