Sales of oil products drop to six-and-a-half-year low in Pakistan.

Sales of petroleum products dropped to a six-and-a-half-year low at 4.42 million tons in the quarter ended September 30, 2019, as a contraction in industrial output, mainly in the auto industry, and shift to re-gasified liquefied natural gas (RLNG) from furnace oil in power generation dented demand. "Quarterly sales in absolute terms came in at 4.42 million tons in the first quarter (July-September) of the current fiscal year 2019-20, which was the lowest in the past 26 quarters," Topline Securities' analyst...