Pakistan’s petroleum product sales fell by 7% year-on-year in April reaching 1.36 million tonnes, compared to 1.45 million tonnes in the same month last year. The decline reflects continued pressure from high fuel prices and weakening demand in the domestic market.
On a month-on-month basis petroleum sales also dropped by 6%. Excluding furnace oil the decline was more pronounced with overall volumes falling 11% year-on-year and 10% month-on-month to 1.22 million tonnes.
Data shows that rising fuel prices significantly impacted consumption patterns. The average price of motor spirit (petrol) increased by 54% year-on-year to Rs 392.64 per litre, while high-speed diesel rose by 67% to Rs 431.97 per litre, despite the removal of levy on HSD.
High-speed diesel sales dropped by 12% year-on-year in April, mainly due to higher prices and weaker tractor sales in the agriculture sector. Motor spirit sales also declined by 7% under similar pressure.
In contrast furnace oil sales surged by 63% year-on-year, driven by higher electricity generation demand and increased reliance on FO-based power plants amid disruptions in RLNG supply.
On a monthly basis motor spirit sales declined by 8% to 0.61 million tonnes, while high-speed diesel fell by 7% to 0.55 million tonnes. Furnace oil, however, increased sharply by 56% month-on-month, indicating growing dependence on FO for power generation.
Despite monthly declines, overall petroleum sales during the first 10 months of FY2026 rose by 4% year-on-year to 13.76 million tonnes, compared to 13.22 million tonnes in the same period last year. Excluding furnace oil, sales increased by 5% to 13.23 million tonnes.
Product-wise, motor spirit sales stood at 6.41 million tonnes, high-speed diesel at 5.90 million tonnes, and furnace oil at 0.53 million tonnes.
Among oil marketing companies, Pakistan State Oil (PSO) recorded a 5% year-on-year decline in April sales to 0.59 million tonnes. Motor spirit and diesel sales also fell, while furnace oil volumes increased during the month.
During the first 10 months of FY2026, PSO’s market share declined to 42.4%, compared to 44.5% last year. In contrast, Gas & Oil Pakistan Ltd (GO) increased its share to 12%, up from 10.2%.
Attock Petroleum Limited (APL) reported a 6% decline in sales to 0.12 million tonnes, with its market share easing to 8.2%. Wafi Energy Pakistan (formerly Shell Pakistan) maintained stable volumes, slightly improving its market share to 8%. Meanwhile, Hascol Petroleum recorded a 26% decline, with its share falling to 3.1%.
During July–April FY2026, petroleum levy collection reached approximately Rs 1.28 trillion, according to the report.
