Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.48mn tons in Oct-26, down 1% YoY but up 10% MoM. This took 4MFY27 sales to 5.6mn tons, up 4% YoY mainly driven by an uptick in Furnace Oil (FO) sales.
Excluding FO, sales in Oct-26 stood at 1.38mn tons, down 6% YoY but up 10% MoM. This took 4MFY27 ex-FO sales to 5.2mn tons, down 2% YoY.
The MoM increase was mainly due to a rise in sales of High-Speed Diesel (HSD) as seasonal demand picked up.
Petrol sales declined 2% YoY and MoM to 642k tons. On the other hand, HSD volumes fell 7% YoY but increased 26% MoM to 662k tons due to seasonal demand.
Average Motor Spirit (MS) prices rose 46% YoY to Rs387/litre, while HSD prices increased 45% YoY to Rs396/litre.
FO sales are up 3.4x YoY and 2% MoM to 95k tons in Oct-26, mainly due to LNG shortages, which increased FO consumption in power generation.
Company wise: Among listed entities, Attock Petroleum’s (APL) sales stood at 123k tons in Oct-26, down 1% YoY but up by 6% MoM. APL’s market share declined by 31bps to 8.31% on MoM basis.
Pakistan State Oil (PSO) sales increased 8% YoY and MoM in Oct-26 to 693k tons while company’s market share in Oct-26 declined by 61bps to 46.90% due to a decline in PSO’s MS and HSD market share by 227bps and 143bps, respectively.
Wafi Energy (WAFI) recorded sales of 136k tons, a 52-month high, in Oct-26, up 12% YoY and 24% MoM. Meanwhile, HASCOL reported sales of 39k tons, down 6% YoY but up 5% MoM.
PSO and WAFI were the only listed OMCs to post both YoY and MoM growth.
