Pakistan’s base oils supply fell in August even amid signs of firmer domestic lube demand.Total supply, or base oils imports and domestic production combined, fell to around 25,200t in August, customs and industry data showed.The volume fell from almost 29,000t the previous month and by more than 30pc from year-earlier levels.Domestic base oils production fell by 21pc in August to a fourteen-month low.Total supply of around 230,000t in the first eight months of the year was down 24pc from almost 304,000t during the same period last year.The fall in supply contrasted with signs of a recovery in the country’s lube demand during the third quarter of the year..Pakistan’s August lube demand rises
Pakistan’s base oils supply fell in August even amid signs of firmer domestic lube demand.Total supply, or base oils imports and domestic production combined, fell to around 25,200t in August, customs and industry data showed.The volume fell from almost 29,000t the previous month and by more than 30pc from year-earlier levels.Domestic base oils production fell by 21pc in August to a fourteen-month low.Total supply of around 230,000t in the first eight months of the year was down 24pc from almost 304,000t during the same period last year.The fall in supply contrasted with signs of a recovery in the country’s lube demand during the third quarter of the year..Pakistan’s August lube demand rises
