Pakistan Oil Marketing Companies Report Decline in November Sales

Related Articles

PSX Witnesses Bullish Trend Today After US-Iran Ceasefire

2 weeks ago

SIFC Playing Key Role in Promoting Industrial Growth in Pakistan

3 weeks ago

Karachi: Pakistan’s Oil Marketing Companies (OMCs) recorded a decline in sales for November 2025, with a total of 1.4 million tons sold, marking a 10% decrease year-on-year and a 5% drop month-on-month. The drop in sales is attributed to a high base in November 2024, when sales hit a 25-month high, driven by increased High Speed Diesel (HSD) sales.

Over the first five months of the fiscal year 2026, total sales reached 6.81 million tons, showing a slight 1% increase compared to the same period the previous year. Excluding Furnace Oil (FO) sales, the total was 1.39 million tons for November 2025, reflecting a 9% decrease year-on-year and a 5% decrease month-on-month.

Motor Spirit (MS) prices remained stable at an average of Rs265 per liter, while HSD prices saw a 3% increase, rising to an average of Rs281.44 per liter in November 2025. Sales of MS decreased by 9% year-on-year and 7% month-on-month, totaling 608,000 tons. HSD sales also fell by 13% year-on-year and 4% month-on-month, reaching 683,000 tons.

Furnace Oil sales for November 2025 saw a significant drop of 32% year-on-year and 9% month-on-month, totaling 25,000 tons. CYNERGY led the sales in this segment with 16,000 tons.

Among listed companies, Attock Petroleum (APL) reported sales of 109,000 tons for November 2025, down 17% year-on-year and 12% month-on-month, primarily due to reduced HSD sales. APL’s market share in MS and HSD decreased slightly in November 2025.

Pakistan State Oil (PSO) experienced a 19% year-on-year decline in sales at 643,000 tons in November 2025. However, PSO’s market share in MS and HSD increased month-on-month, boosting its overall market share from 42.95% in October 2025 to 45.36% in November 2025.

Wafi Energy Pakistan Limited (WAFI) recorded an 8% year-on-year increase in sales to 112,000 tons in November 2025, despite an 8% month-on-month decrease. HASCOL’s sales decreased by 2% year-on-year and 19% month-on-month, totaling 34,000 tons.

Looking ahead to fiscal year 2026, industry analysts predict oil sales growth in the range of 7% to 10%. The government has set a Petroleum Development Levy (PDL) collection target of Rs1.47 trillion for FY26, with Rs621 billion (42%) collected in the first five months.