Karachi, February 4, 2025 – The sales of petroleum products in Pakistan witnessed an 8% year-on-year (YoY) increase in January 2025, signaling a recovery in economic activity and energy consumption.
According to a report by Topline Securities Limited, Pakistan’s Oil Marketing Companies (OMCs) recorded petroleum sales of 1.38 million tons in January 2025, reflecting an 8% month-on-month (MoM) growth while remaining flat on a YoY basis. The overall petroleum demand showcased resilience despite a marginal increase in fuel prices.
Despite a 1% MoM rise in petrol and diesel prices, monthly petroleum sales by OMCs rose, driven by improved economic conditions.
This brings the total petroleum sales for the first seven months of FY25 to 9.4 million tons, reflecting a 4% YoY increase compared to 9.1 million tons recorded in 7MFY24.
Excluding Furnace Oil (FO), petroleum sales in January 2025 were recorded at 1.3 million tons, marking an 11% YoY and 7% MoM increase. For 7MFY25, non-FO petroleum sales totaled 9.0 million tons, an 8% YoY increase.
Product-wise: Motor Spirit (MS) sales climbed by 1% YoY and 10% MoM to 623,000 tons in January 2025. Similarly, High-Speed Diesel (HSD) sales surged by 17% YoY and 5% MoM to 600,000 tons.
FO sales for January 2025 experienced a 68% YoY decline but rose 40% MoM to 58,000 tons.
Company-wise: Among listed petroleum entities, Attock Petroleum (APL) recorded sales of 132,000 tons in January 2025, marking a 14% YoY decline but a 19% MoM increase. The company’s performance was primarily driven by a 32% YoY and 13% MoM rise in HSD sales. APL’s market share stood at 8.6% in MS and 10.2% in HSD.
Pakistan State Oil (PSO) reported petroleum sales of 592,000 tons in January 2025, reflecting a 10% YoY decline but a 3% MoM increase. The company’s overall market share decreased from 44.9% in December 2024 to 42.8% in January 2025 due to a reduction in HSD market share.
Shell Pakistan (SHEL) recorded a 4% YoY and 7% MoM increase in petroleum sales, reaching 101,000 tons. Meanwhile, HASCOL posted sales of 51,000 tons, up 120% YoY and 18% MoM.
The government has set a Petroleum Development Levy (PDL) target of Rs1.28 trillion for FY25, of which Rs651 billion (51%) has been collected in 7MFY25.
The increase in petroleum sales highlights a recovering economy and steady demand for fuel, reinforcing the role of the energy sector in Pakistan’s economic growth.