Pakistan’s petroleum product sales fell 2 percent year over year to 1.35 million tons in September 2026, but increased 7 percent month over month, according to Topline Research.
The monthly increase was mainly driven by higher diesel volumes due to seasonal factors.
The September increase took total OMC sales during the first quarter of FY27 to 4.12 million tons, up 6 percent from 3.89 million tons a year earlier. The quarterly growth was mainly supported by higher furnace oil sales.
Excluding furnace oil, OMC sales fell 8 percent year over year to 1.25 million tons in September but increased 8 percent from August. Ex-FO sales for 1QFY27 stood at 3.85 million tons, broadly unchanged from 3.85 million tons in the same period last year.
Within the industry, high speed diesel sales fell 11 percent year over year to 525,000 tons in September, although they rose 25 percent month over month from 422,000 tons. Motor spirit sales declined 5 percent year over year to 652,000 tons and fell 2 percent from August. Other products fell 8 percent year over year to 76,000 tons.
Furnace oil sales, however, jumped to 93,000 tons in September from 13,000 tons a year earlier, representing a 601 percent increase, although volumes were down 5 percent from August. For 1QFY27, industry furnace oil sales reached 270,000 tons, up 470 percent from 47,000 tons a year earlier.
Among major OMCs, Pakistan State Oil (PSO) recorded the strongest September growth, with total sales rising 12 percent year over year to 639,000 tons and 12 percent month over month. PSO’s high speed diesel sales increased 9 percent year over year to 269,000 tons, while motor spirit sales rose 15 percent to 302,000 tons.
PSO’s first quarter sales reached 1.91 million tons, up 18 percent year over year. Its high speed diesel sales increased 12 percent to 759,000 tons, while motor spirit sales rose 25 percent to 953,000 tons.
Attock Petroleum Limited (APL) recorded flat total sales at 116,000 tons in September compared with a year earlier, while volumes fell 4 percent month over month. Its 1QFY27 sales stood at 364,000 tons, up 11 percent year over year.
APL’s September high speed diesel sales fell 31 percent year over year to 37,000 tons, while motor spirit sales declined 10 percent to 50,000 tons. Its furnace oil sales increased to 25,000 tons from 1,000 tons a year earlier.
Wafi Energy Pakistan posted September sales of 110,000 tons, down 6 percent year over year but up 2 percent month over month. Its first quarter sales increased 6 percent to 348,000 tons. Hascol Petroleum recorded sales of 37,000 tons in September, down 14 percent year over year but up 5 percent month over month, while its 1QFY27 sales fell 12 percent to 114,000 tons.
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