Karachi, October 2, 2025 – Pakistan’s petroleum sector reported positive growth in the first quarter of fiscal year 2025-26 (1QFY26), with total petroleum sales climbing by 6% compared to the same period last year.
According to the Oil Companies Advisory Committee (OCAC), petroleum sales increased to 3.89 million tons during July–September 2025, up from 3.68 million tons in the corresponding quarter of the previous fiscal year.
The growth in demand was mainly supported by an increase in motor spirit (petrol) and high-speed diesel (HSD) volumes. Petrol sales advanced by 6%, while diesel sales surged 15% year-on-year, reflecting stronger transportation and agricultural sector demand. In contrast, furnace oil (FO) consumption continued its downward trend, plunging 78% in the quarter due to the country’s gradual shift away from FO-based power generation.
September 2025 data highlights further improvements. Total petroleum sales reached 1.37 million tons during the month, marking an 8% year-on-year growth and a 5% month-on-month increase. This momentum was largely driven by the 3% month-on-month reduction in HSD prices and a broader recovery in economic activity. Petrol sales rose 1% month-on-month to 0.68 million tons, while diesel volumes jumped 13% to 0.59 million tons. However, FO sales slumped 29% month-on-month to just 0.01 million tons.
On a company-wise basis, Pakistan State Oil (PSO) recorded a 4% year-on-year increase in September sales, reaching 0.57 million tons. Its petrol and diesel offtake rose by 2% and 13%, respectively, though FO volumes fell sharply by 68%. Despite growth in absolute terms, PSO’s market share slipped by 2.3% to 41.8% in 1QFY26 from 44.1% last year, as other competitors gained ground.
Attock Petroleum Limited (APL) posted a modest 2% growth, while WAFI (Shell) witnessed a robust 25% jump in sales. Gas and Oil Pakistan Ltd (GO) emerged as one of the fastest-growing players, expanding its market share to 13.1% from 9.0% last year. Meanwhile, HASCOL’s volumes rose by 2%, maintaining a steady 3.3% market share.
With overall petroleum sales expanding, the government also saw stronger revenue inflows. Petroleum Levy (PL) collection reached approximately PKR 353.3 billion in 1QFY26, while the collection from CSL stood at PKR 11.5 billion. Against the revised annual PL target of PKR 1,468 billion, the first quarter figures suggest the government is broadly on track to meet its fiscal revenue goals.