AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Pakistan’s Oil Marketing Companies (OMCs) have reported a notable 7% year-on-year increase in sales for August 2025, reaching 1.3 million tons. This growth, complemented by a 6% rise compared to the previous month, signals a gradual economic recovery and diminished oil smuggling from Iran. The month-on-month sales boost was further amplified by a drop in petroleum prices.
The cumulative sales for the initial two months of the fiscal year 2026 have reached 2.5 million tons, marking a 5% rise from the 2.4 million tons recorded in the corresponding period of the previous fiscal year. Excluding furnace oil, the sales in August amounted to 1.28 million tons, showcasing an 11% year-on-year and 6% month-on-month increase.
A significant factor contributing to the surge in sales is the reduction in international crude oil prices, which saw a 5% month-on-month correction after the geopolitical tensions in July. This led to a decline in local Motor Spirit (MS) and High Speed Diesel (HSD) prices, with MS prices falling by Rs7.54 per litre to Rs264.61, and HSD prices dropping by Rs11.36 per litre to Rs272.99.
In terms of product breakdown, MS sales increased by 8% year-on-year and 10% month-on-month, reaching 675,000 tons. HSD sales also rose, with a 14% year-on-year and 3% month-on-month growth, totaling 522,000 tons. However, furnace oil sales experienced a 71% year-on-year decline but saw a 21% rise month-on-month, reaching 19,000 tons. Notable contributors to furnace oil sales included CYNERGY, Pearl PARCO, and Attock Petroleum (APL).
Among the companies, APL recorded sales of 112,000 tons in August, experiencing a slight 1% year-on-year drop due to reduced furnace oil sales but a 14% increase month-on-month primarily driven by higher HSD sales. APL’s market share in MS and HSD also grew, reaching 8.54% and 8.81%, respectively.
Pakistan State Oil (PSO) witnessed a 4% year-on-year and 8% month-on-month growth, with sales totaling 547,000 tons. PSO’s market share in MS and HSD increased to 38.97% and 42.30%, respectively, contributing to an overall market share rise to 42.07% in August.
Wafi Energy Pakistan Limited recorded a 16% year-on-year and 1% month-on-month increase in sales, reaching 107,000 tons. Meanwhile, HASCOL’s sales remained stable year-on-year at 42,000 tons but fell by 7% month-on-month.
Looking forward to FY26, analysts anticipate a continued growth trajectory for oil sales, projecting an increase in the range of 7-10%.