Pakistan Oil Marketing Companies: Lubricants; New front on the battle for margins – By AKD Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As domestic OMCs have their “backs against the wall” on the
operational front (sagging POL volumes, tepid macro backdrop), we assess the
relatively high margin lubricants segments, underscoring the competitive forces
prevalent in the space.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FY18 lubricants offtake shows SHEL holding pole position,
where recently launched premium segment motor oils seem to aid the OMC in
cementing market share, while HASCOL made inroads into the segment growing
volumes by 27%YoY vs. 7%YoY for total industry sales.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Transport linked offtake remains the foundation of tota...
