Pakistan’s lube demand rose for a fourth month in October, mirroring signs of improving economic growth in the country.Total lube consumption of 10,820t in October rose by 2pc from year-earlier levels, according to the Oil Companies Advisory Council.Lube consumption of 117,670t in the first ten months of the year was still down 6pc versus the same period last year. The pace of the slowdown eased from a14pc contraction in the first half of the year.The recovery in lube demand mirrored a rise in Pakistan’s monthly economic indicator into positive territory in October for a fourth month.The recovery could be uneven amid ongoing pressure on automobile production and sales, which fell in November for the sixteenth time in seventeen months.But tractor sales extended their strong rebound in November for a third month.Pakistan’s transport-related lube consumption rose by 3pc in October, after shrinking the previous month.Industrial lubricants consumption rose by 6pc and for a third month in October..Pakistan’s Sept lube demand rises
Pakistan’s lube demand rose for a fourth month in October, mirroring signs of improving economic growth in the country.Total lube consumption of 10,820t in October rose by 2pc from year-earlier levels, according to the Oil Companies Advisory Council.Lube consumption of 117,670t in the first ten months of the year was still down 6pc versus the same period last year. The pace of the slowdown eased from a14pc contraction in the first half of the year.The recovery in lube demand mirrored a rise in Pakistan’s monthly economic indicator into positive territory in October for a fourth month.The recovery could be uneven amid ongoing pressure on automobile production and sales, which fell in November for the sixteenth time in seventeen months.But tractor sales extended their strong rebound in November for a third month.Pakistan’s transport-related lube consumption rose by 3pc in October, after shrinking the previous month.Industrial lubricants consumption rose by 6pc and for a third month in October..Pakistan’s Sept lube demand rises
