Following the re-opening of the global economy, the business environment began to improve in the second part of the financial year. This was accompanied by an increase in demand for petrol and diesel. Increase in travel contributed to rising petrol and diesel demand. According to data from the Oil Companies Advisory Council, total petrol and diesel offtake climbed by 12% and 17% in 2020-21, to 8.2MT and 7.7MT, respectively.
The increase in demand for Pakistan Oilfields Limited products was enough to boost profitability at some of the world’s largest energy corporations.
