Pakistan’s Oil Market Sees Continuous Growth in Sales Over Three Months

KARACHI: Pakistan’s Oil Marketing Companies (OMCs) have reported a third consecutive month of increased sales, according to AKD Securities Limited. The volumetric sales for May 2025 reached 1.5 million tons, reflecting a 10% increase compared to the same month last year and a 5% rise from April 2025.

The growth in sales was primarily driven by higher retail fuel volumes. Motor Spirit (MS), High-Speed Diesel (HSD), and High-Octane Blending Component (HOBC) saw year-on-year increases of 15%, 5%, and 5%, respectively.

Pakistan State Oil (PSO), one of the major OMCs, recorded sales of 642,000 tons in May 2025. While this figure represents a 3% year-on-year decline, it marks a 3% increase from the previous month.

Private sector players, HASCOL and WAFI, experienced notable growth, with sales surging by 31% and 23% year-on-year, respectively.

AKD Securities Limited has issued a ‘BUY’ recommendation for PSO and Attock Petroleum Limited (APL), projecting target prices of PKR 729 and PKR 850 per share by December 2025. The expected dividend yields for fiscal year 2026 are estimated at 5.5% for PSO and 5.8% for APL.