KARACHI: Pakistan’s oil marketing companies (OMCs) recorded a significant rebound in sales during July 2026, posting a 23% year-on-year increase to 1.5 million tons, according to a report from Topline Research.
This marks the highest annual growth in the last 15 months and represents a 20% increase from the previous month.
The sharp rise in demand is largely attributed to improved border controls that have curtailed fuel smuggling and an uptick in broader economic activity. When excluding furnace oil, sales stood at 1.43 million tons, reflecting an 18% increase both year-on-year and month-on-month.
Petrol sales drove the growth, rising 19% year-on-year to 729,000 tons, while diesel sales saw an even more robust increase of 23% to 624,000 tons. The volume growth came alongside higher prices. In July, the average price of Motor Spirit (petrol) increased to approximately Rs315 per liter, a 17% rise from the previous year.
Similarly, High-Speed Diesel (HSD) averaged around Rs343 per liter, marking a 23% year-on-year increase.
Company Performance and Market Share
Among listed OMCs, Pakistan State Oil (PSO) led the market with a 38% year-on-year increase in sales to 702,000 tons in July. The state-owned giant also saw its market share jump by 463 basis points to 46.52%, driven largely by an 802-basis-point increase in its petrol market share to 46.78%.
Attock Petroleum (APL) reported sales of 127,000 tons, up 28% year-on-year, as its market share inched up 18 basis points to 8.42%. Wafi Energy recorded sales of 131,000 tons, a 24% annual increase.
Hascol Petroleum was the only company to report a decline, with sales falling 6% year-on-year to 42,000 tons.
Looking ahead, Topline Research expects OMC sales for the full fiscal year 2027 to grow in the range of 8-10%.
