Pakistan OMC sales fall 3% in August, but FY27 volumes up 10%

Pakistan's oil marketing companies recorded a 3% year-on-year decline in petroleum product sales in August. Volumes during the first two months of the fiscal year rose 10%, according to data compiled by AKD Securities.

How much did Pakistan's OMC sales fall in August?

Total OMC industry sales stood at 1.261 million tons in August, down from 1.300 million tons in the same month last year. Volumes also fell 16% from July's 1.509 million tons. Cumulative sales for July-August FY2027 still rose to 2.769 million tons, up from 2.523 million tons in the same period last year.

What drove the decline in August fuel sales?

Weaker high-speed diesel sales led the August decline, falling 19% year-on-year to 422,000 tons. High-octane blending component volumes dropped 52% to 15,000 tons. Motor gasoline sales stayed broadly stable, slipping 1% to 666,000 tons, while jet fuel sales rose 9% to 55,000 tons. Furnace oil sales surged 429% to 98,000 tons, though the increase came from a low base of 19,000 tons a year earlier.

Which oil marketing companies gained ground in August?

State-owned Pakistan State Oil posted a 4% increase in August volumes to 570,000 tons. Its sales for the first two months of FY2027 climbed 20% to 1.272 million tons. Attock Petroleum recorded an 8% year-on-year rise in August sales to 121,000 tons, with cumulative July-August volumes up 17%.

Hascol Petroleum sales declined 16% to 35,000 tons in August and fell 11% during the first two months of the fiscal year. Wafi Energy Pakistan reported broadly flat August sales of 107,000 tons, while cumulative volumes rose 12% to 238,000 tons. Cnergyico recorded the strongest percentage growth, with August volumes rising 178% year-on-year to 80,000 tons and July-August sales jumping 183% to 160,000 tons.

How did market share shift among OMCs in August?

PSO strengthened its market position during the month, with its overall share rising to 45.2% in August from 42.1% a year earlier. Its share for the first two months of FY2027 increased to 45.9%, compared with 41.8% in the same period last year. APL's August market share rose to 9.6% from 8.6%, while Wafi Energy's share edged up to 8.5% from 8.2%.

The industry figures are measured in thousands of tons and were compiled using data from the Oil Companies Advisory Council and AKD Research.