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KARACHI July 2,2026 : Pakistan’s Oil Marketing Companies (OMCs) sold 1.26 million tonnes of petroleum products in June 2026, down 20% year-on-year (YoY) but up 7% month-on-month (MoM), reflecting lower fuel demand compared with last year but improved consumption after domestic fuel prices declined.
The annual decline mainly resulted from higher fuel prices compared with June 2025. However, sales recovered on a monthly basis as petrol and diesel prices fell during June.
For the full FY2026, total OMC sales stood at 16.2 million tonnes, down 1% from 16.3 million tonnes recorded in FY2025.
Excluding furnace oil (FO), June sales reached 1.22 million tonnes, down 15% YoY but up 6% MoM. Meanwhile, FY2026 ex-FO sales remained almost unchanged at 15.6 million tonnes.
During June, the average Motor Spirit (MS) price stood at Rs338 per litre, up 32% YoY, while High-Speed Diesel (HSD) averaged Rs346 per litre, an increase of 34% YoY. On a monthly basis, however, petrol prices fell 16% and diesel prices declined 14%, supporting higher fuel demand.
Among major products, MS sales dropped 11% YoY but increased 5% MoM to 649,000 tonnes. HSD sales fell 20% YoY but rose 9% MoM to 497,000 tonnes. FO sales plunged 68% YoY, although they recovered 41% MoM to 41,000 tonnes.
Among listed OMCs, Attock Petroleum (APL) sold 104,000 tonnes, down 21% YoY but up 7% MoM. Its FY2026 market share declined by 53 basis points to 8.22%.
Pakistan State Oil (PSO) remained the market leader with sales of 527,000 tonnes. However, its sales fell 20% YoY despite a 2% MoM increase. Its market share dropped to 41.9% in June, while its FY2026 share slipped to 42.44%.
Wafi Energy reported sales of 117,000 tonnes, down 8% YoY but up 13% MoM. Hascol Petroleum sold 44,000 tonnes, almost unchanged from a year earlier but 29% higher than the previous month.
Meanwhile, the government exceeded its Petroleum Development Levy (PDL) target for FY2026. Against a target of Rs1.47 trillion, estimated collections reached Rs1.51 trillion, reflecting stronger-than-expected revenue from petroleum products.
