Pakistan’s Oil Marketing Companies Report Steady Growth in Sales

Karachi: Pakistan’s oil marketing companies (OMCs) have maintained a consistent upward trajectory in sales volume for the 13th consecutive month, with an 8% year-on-year and 5% month-on-month increase reported in September 2025. This growth is primarily driven by significant increases in the sales of High-Speed Diesel (HSD), Motor Spirit (MS), and High-Octane Blending Component (HOBC), which saw rises of 20%, 8%, and more than double, respectively.

Retail sales played a major role in this monthly uplift, highlighting a sustained demand for these fuel types across the country. Pakistan State Oil (PSO), one of the leading players in the market, reported volumetric sales of 570,000 tons for the month. This represented a 4% increase both year-on-year and month-on-month, resulting in a market share of 41.6% in September and 41.7% for the first quarter of the fiscal year 2026.

Financial analysts at AKD Securities Limited have issued a ‘BUY’ recommendation for PSO and Attock Petroleum Limited (APL), with target prices set at PKR 729 and PKR 825 per share by December 2025. The dividend yields for these companies are projected to be 4.1% and 4.8% for the fiscal year 2026, respectively, indicating a positive outlook for investors.

The ongoing trend of increasing sales volumes among Pakistan’s OMCs underscores a robust performance in the sector, driven by both retail demand and strategic market positioning.