Sales by Pakistan’s oil marketing companies (OMCs) fell 3 percent year-on-year (YoY) and 16 percent month-on-month (MoM) to 1.3 million tons in August 2026, as higher petrol and diesel prices weighed on fuel demand, according to Topline Securities.
The decline came despite a strong increase in furnace oil sales, which rose more than four times from a year earlier and 26 percent from July. The increase was attributed to higher furnace oil demand amid LNG shortages and increased load shedding in Punjab.
Excluding furnace oil, OMC sales fell 9 percent YoY and 23 percent MoM to 1.2 million tons in August. Sales during the first two months of fiscal year 2027 stood at 2.8 million tons, up 10 percent from the same period a year earlier, while sales excluding furnace oil rose 7 percent to 2.7 million tons.
Petrol sales fell 1 percent YoY and 9 percent MoM to 666,000 tons, while high-speed diesel sales dropped 19 percent YoY and 32 percent MoM to 422,000 tons.
Fuel prices rose sharply during the month. Motor spirit averaged around Rs. 334 per liter in August, up 26 percent from a year earlier and 6 percent from July. High speed diesel averaged around Rs. 379 per liter, representing increases of 36 percent YoY and 11 percent MoM.
Among listed companies, Attock Petroleum recorded sales of 121,000 tons in August, up 8 percent YoY but down 5 percent MoM. Its market share increased by 119 basis points to 9.61 percent.
Pakistan State Oil sales increased 4 percent YoY but fell 19 percent MoM to 570,000 tons. Its market share declined by 131 basis points to 45.21 percent, mainly because of a sharp drop in its furnace oil sales. PSO sold only 23 tons of furnace oil during the month.
Wafi Energy recorded sales of 107,000 tons, up 1 percent YoY but down 18 percent MoM.
Hascol Petroleum sales fell 16 percent YoY and 16 percent MoM to 35,000 tons, making it the only listed company among those highlighted to record a YoY decline.
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