Pakistan’s lubricating oil demand rose in July for the first time in five months amid a pick-up in transport lubricants consumption.
Total lube demand of 9,810t in July rose by 2pc from year-earlier levels, OCAC data showed.
Consumption fell by 9pc from close to 10,800t in June.
The size of the seasonal contraction was the smallest in the month of July from June in more than eight years.
Transport lubricants consumption of 6,100t in July rose by 5pc from a year earlier.
Industrial lubricants demand fell by 3pc to 3,360t. The size of the contraction was the smallest in five months.
Steadier lubricants consumption coincided with an improvement in Pakistan’s monthly economic indicator into positive territory in July for the first time in five months.
Pakistan’s automobile sales extended their slide in August. But the speed of the contraction was the slowest in fourteen months.