Supply Continues Despite Holiday Excess Demand Karachi, May 27, 2020: Byco Petroleum Pakistan Limited (BPPL) has assured its customers that its continuous supply of petroleum products is being ensured at all petrol pumps of the company across Pakistan. Regarding reported shortage at Karachi retail outlets, Byco’s General Manager, Petroleum Marketing Business, Mr. Mudassar Qadeer, said:…
Byco Petroleum reported a gross profit of Rs. 11.2 billion but a net loss of Rs 2.67 billion, largely due to weak demand, high exchange rate, inventory losses, and an increase in finance costs. The company is experiencing tough market conditions as the spread of COVID-19 hurts demand but can withstand this period. Karachi, April…
Byco Petroleum Pakistan Ltd. earned a net profit of Rs 213 million in its half-year ended December 2019, up 139% from Rs 89 million a year earlier The business environment remains challenging due to the economic slowdown and weak demand for refined products, particularly HSFO Karachi, February 17, 2020: Byco Petroleum Pakistan Ltd. (BPPL), announced…
Karachi, January 24, 2020: Pakistan’s most innovative Oil Company, Byco Petroleum Pakistan Ltd. has always been at the forefront of innovation in the refining and petroleum eco-system.Paving the way for modernization, Byco has become the first company in Pakistan to export High Sulfur Furnace Oil (HSFO). This is potentially a solution to the long-standing problem…
Karachi, September 24, 2019: Byco Petroleum Pakistan Ltd. gross turnover increased by 17 percent from the previous year to Rs. 251 billion following an increase in oil prices and Rupee’s devaluation. Pakistan’s economic growth slowed considerably to nine-year lows of 3.3% in the previous fiscal year. The oil sector witnessed a 22% decline in consumption….