Pakistan’s lube demand rose for a second month in August and at its fastest pace in more than two years amid a jump in automobile lubricants consumption.Lube demand of 13,800t in August rose by 30pc from year-earlier levels, OCAC data showed. The volume was the highest in fourteen months.The increase followed a 2pc rise in consumption in July, which in turn followed a slump in demand throughout most of the year to June.The pick-up in lube demand coincided with a recovery in automobile sales volumes in August to a four-month high.The country’s monthly economic indicator for August also stayed positive for a third month.Automobile lube consumption rose by 37pc in August to a fourteen-month high.Industrial oils consumption rose by 1pc in August after falling in nine of the previous eleven months..Pakistan’s July base oils supply rises.Base Oil News stories and analysis also available on ICIS platform
