Pakistan’s petroleum sales rise 7% in August on higher demand
PSO, APL, and Wafi gain market share as lower prices, economic recovery lift consumption
Business Desk
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Pakistan’s petroleum product sales rose 7% year-on-year to 1.3 million tons in August, supported by higher industrial demand and a slowdown in fuel smuggling from Iran, according to industry data.
Sales also climbed 6% month-on-month, driven by a decline in petroleum prices. “The growth reflects a gradual economic recovery and reduced cross-border smuggling,” said Myesha Sohail, research analyst at Topline Securities.
Total petroleum sales for the first two months of fiscal year 2025-26 reached 2.5 million tons, up 5% from 2.4 million tons in the same period last year.
Excluding furnace oil, August sales stood at 1.28 million tons, up 11% year-on-year and 6% month-on-month. Over the two-month period, ex-furnace oil sales totaled 2.48 million tons, a 10% increase from last year.
Prices and products
Petrol prices fell PKR 7.54 per liter to PKR 264.61, while high-speed diesel (HSD) prices dropped PKR 11.36 to PKR 272.99, following a 5% correction in global crude oil prices after July’s spike on geopolitical tensions.
Petrol sales rose 8% year-on-year to 675,000 tons in August. HSD sales jumped 14% to 522,000 tons.
Furnace oil (FO) sales declined 71% year-on-year but increased 21% month-on-month to 19,000 tons, with Cynergy, Pearl PARCO, and Attock Petroleum (APL) leading FO volumes.
Company performance
Among listed firms, Attock Petroleum sold 112,000 tons in August, down 1% year-on-year due to weaker FO sales but up 14% month-on-month on higher HSD demand. APL’s market share rose to 8.54% in petrol and 8.81% in HSD, up 73 basis points (bps) and 72 bps, respectively.
Pakistan State Oil (PSO) recorded 547,000 tons in sales, a 4% rise year-on-year and an 8% increase from July. PSO’s market share in petrol climbed to 38.97% and in HSD to 42.30%, up 39 bps and 154 bps month-on-month, respectively. Overall, PSO’s market share rose from 41.57% in July to 42.07% in August.
Wafi Energy Pakistan sold 107,000 tons, up 16% year-on-year and 1% month-on-month, while Hascol’s sales were flat year-on-year at 42,000 tons but slipped 7% from July.
“We expect oil sales in FY26 to grow in the range of 7-10%,” Sohail said.
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