KARACHI: Pakistan’s oil sales rose 5 percent year-on-year (YoY) to 2.5 million tonnes in the first two months of FY26, compared with 2.4 million tonnes in the same period last year, driven by easing petroleum prices, improved automobile sales, and reduced smuggling from Iran.
In August alone, sales increased 7 percent YoY and 6 percent month-on-month (MoM) to 1.3 million tonnes. Excluding furnace oil (FO), sales for the month stood at 1.28 million tonnes, up 11 percent YoY and 6 percent MoM, while July–August ex-FO volumes rose 10 percent YoY to 2.48 million tonnes.
Price adjustments supported the recovery, with motor spirit (MS) prices down Rs7.54 per litre to Rs264.61 and high-speed diesel (HSD) down Rs11.36 to Rs272.99, following a 5 percent MoM drop in global crude prices. MS sales climbed 8 percent YoY and 10 percent MoM to 675,000 tonnes in August, while HSD sales surged 14 percent YoY and 3 percent MoM to 522,000 tonnes. FO sales plunged 71 percent YoY but rebounded 21 percent MoM to 19,000 tonnes, led by CYNERGY, Pearl PARCO, and Attock Petroleum Ltd (APL).
Among key players, PSO’s sales rose 4 percent YoY and 8 percent MoM to 547,000 tonnes, lifting its market share to 42.07 percent. APL recorded 112,000 tonnes, down 1 percent YoY but up 14 percent MoM, while WAFI posted 107,000 tonnes, up 16 percent YoY. Hascol’s volumes remained flat YoY at 42,000 tonnes but slipped 7 percent MoM.
Analysts said the improvement reflects strengthening demand momentum, backed by economic recovery and a crackdown on smuggled petroleum inflows.
