Amid rising smuggling of Iranian oil products and claims of eroding market share of oil marketing companies (OMCs), local oil sales rose four per cent year on year in March and 3pc month-on-month to settle at 1.15 million tonnes. However, oil sales during 9MFY24 fell by 11pc to 11.34m tonnes from 12.80m tonnes in the same period last fiscal year, according to Arif Habib Ltd (AHL) data. Both