AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Oil Marketing Companies (OMC) reported a 7 percent year-on-year growth in sales volumes for the fiscal year 2025, despite some fluctuations in market share dynamics, according to a press release from JS Global. The growth was driven by a total sales volume of 1.6 million tons in June 2025, representing an 8 percent increase from the previous year and a 2 percent increase from the previous month.
Product-wise, Motor Spirit (MS) volumes rose by 5 percent year-on-year, while Hi-Speed Diesel (HSD) saw a 9 percent increase. Furnace Oil (FO) sales marked a significant rise of 22 percent over the same period. These figures underline the continued demand for these products in the market.
However, the overall market share trend showed resilience among players, with Pakistan State Oil (PSO) facing notable challenges. PSO’s average market share fell to 44 percent in FY25, down from 49 percent in FY24, highlighting competitive pressures within the industry.
A significant regulatory development occurred in the fourth quarter of FY25. A presidential order removed the cap of Rs70 per liter, allowing the government to adjust the Petroleum Development Levy (PDL) as needed. This led to a Rs7-8 per liter increase in PDL on HSD and MS in May 2025, assisting the government in nearing its fiscal year target collection of Rs12.8 billion.
The OMC’s performance indicates a robust growth trajectory, although it reflects underlying challenges in maintaining market share amidst evolving regulatory landscapes.