Pakistan OMCs_Retail fuels continue to remain strong, (AKD Daily, Nov 18,2021)
AKD Daily
Pakistan OMCs: Retail fuels continue to remain strong
- Increase in volumes directly lifted throughput levels, with 3QCY21 retail volumes at 4.5mn tons, up 20%YoY largely due to a 27%YoY increase in HSD while sequential decline in retail fuels’ volume stood at 1%.
- Company-wise, HASCOL/SHEL/APL/PSO delivered throughput levels of 122k/703k/590k/740k ltrs/outlet for the quarter, moving -75%/+26%/+27%/+24%YoY and -63%/+2%/+11%/+4%QoQ taking total average industry throughput +14%YoY/+1.3%QoQ to 707k ltrs/outlet.
- Difference between throughput level of MS and HSD increased significantly to 158k ltrs/outlet against 89k ltr/outlet for 2QCY21 which we attribute to seasonality leading to lower consumption of HSD on QoQ basis while on YoY basis, difference between throughputs of fuels has decreased.
- Moving forward, with overall competitive landscape improving and phasing out of furnace oil, retail fuels will continue to be the mainstay of the sector while competition from private players also intensifies.
AKD Research
Shell Pakistan is engaged in the formulation, blending, distribution, marketing, import, export, and sale of the following petroleum products: gasoline, kerosine, aviation fuel, diesel oil under the Shell Rimula brand name, and furnace oil. Co. also operates a network of service stations and convenience stores.
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
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