Karachi, May 5, 2025 – Pakistan’s petroleum sector experienced a notable rebound in April 2025, with sales of petroleum products by Oil Marketing Companies (OMCs) reaching 1.46 million tons, marking a sharp 32% increase year-on-year (YoY) and a 20% rise month-on-month (MoM).
According to analysts at Topline Securities, the surge in petroleum sales can be attributed to multiple factors. Stabilized petrol and diesel prices, a spike in intercity travel during the Eid-ul-Fitr holidays, seasonal demand driven by wheat harvesting, and the impact of reduced fuel smuggling all played significant roles. Moreover, the increase benefited from a low base effect in March 2025, when Ramadan typically leads to lower fuel consumption.
Cumulatively, total petroleum sales for the first ten months of the fiscal year (10MFY25) reached 13.2 million tons, reflecting a 6% YoY rise from 12.4 million tons during the same period last year. Excluding Furnace Oil (FO), April 2025 sales stood at 1.4 million tons — up 28% YoY and 18% MoM — while Ex-FO sales for 10MFY25 amounted to 12.6 million tons, marking a solid 9% annual growth.
Product-wise, Motor Spirit (petrol) sales in April climbed to 660,000 tons, showing a 24% YoY and 14% MoM increase. High-Speed Diesel (HSD) also saw a strong rise, up 33% YoY and 28% MoM to 622,000 tons. Furnace Oil sales stood at 84,000 tons, showing a massive 182% YoY and 55% MoM jump, albeit from a low base.
Among companies, Attock Petroleum Limited (APL) reported sales of 126,000 tons in April, growing 28% YoY and 20% MoM, driven largely by HSD demand. However, APL’s market share in MS and HSD declined slightly from the previous month.
Pakistan State Oil (PSO) recorded a 12% YoY and 22% MoM rise in petroleum sales, reaching 624,000 tons. PSO’s market share also improved to 42.78% in April, up from 41.87% in March, driven by gains in both MS and HSD segments.
Meanwhile, Wafi Energy’s sales rose 23% YoY to 100,000 tons, and HASCOL reported a 76% YoY increase, though it saw a 4% MoM decline — the only listed company to record a monthly fall.
The government’s Petroleum Development Levy (PDL) target for FY25 stands at Rs1.28 trillion, of which Rs939 billion (73%) has been collected during 10MFY25, reflecting strong recovery in the petroleum sector.