Karachi, December 2, 2025 – Petroleum sales in Pakistan declined in November 2025, with Oil Marketing Companies (OMCs) recording total sales of 1.4 million tons, down 10% Year-on-Year (YoY) and 5% Month-on-Month (MoM).
Analysts at Topline Securities Limited attributed the YoY drop to a high base in November 2024, when OMCs posted a 25-month peak in sales, particularly in High-Speed Diesel (HSD). The surge last year was driven by price stability, economic recovery, and tighter smuggling controls, with PSO leading HSD sales.
For the first five months of FY2025-26 (July–November), total petroleum sales reached 6.81 million tons, showing a modest 1% YoY increase compared to 6.75 million tons in the same period last year. Excluding Furnace Oil (FO), November sales totaled 1.39 million tons, down 9% YoY and 5% MoM, while Ex-FO sales for 5MFY26 rose 4% YoY to 6.71 million tons.
Product-wise:
• Motor Spirit (MS) sales fell 9% YoY and 7% MoM to 608k tons, with average prices stable at Rs265/litre.
• HSD sales declined 13% YoY and 4% MoM to 683k tons, with prices rising 3% to Rs281.44/litre.
• FO sales dropped 32% YoY and 9% MoM to 25k tons, with CYNERGY as the main seller at 16k tons.
Company performance:
• Attock Petroleum (APL): 109k tons, down 17% YoY and 12% MoM.
• PSO: 643k tons, down 19% YoY, market share increased to 45.36%.
• Wafi Energy: 112k tons, up 8% YoY but down 8% MoM.
• Hascol: 34k tons, down 2% YoY and 19% MoM.
FY26 Outlook: Petroleum sales are projected to grow 7–10%. The government’s Petroleum Development Levy (PDL) target for FY26 is Rs1.47 trillion, with 42% collected during the first five months.