Oil marketing companies’ profit reaches Rs 3.33b in first quarter

Oil marketing companies’ (OMCs) profit reached Rs 3.33 billion during the first quarter of the current fiscal year. According to Atlas Capital, the OMCs suffered losses of Rs 8.5 billion during the same period of last fiscal year. During July to September, overall sale of the sector increased by 12 percent. Furnace oil and gasoline increased by 26 and 39 percent respectively. Due to slow financial activities, high speed diesel’s sale has been decreased by 10 percent.