Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.52mn tons in Jan 2026, up 10% YoY and 12% MoM. The YoY increase reflects economic recovery, easing inflation, and improved control over smuggling, while the MoM rise is driven by lower petrol and diesel prices in Jan-26 and a low base following the nationwide strike in Dec 2025 that disrupted sales for around 10 days.
This takes total sales for 7MFY26 to 9.7mn tons, reflecting a 3% YoY increase compared to 9.4mn tons in 7MFY25. Excluding Furnace Oil (FO), sales in Jan 2026 were 1.41mn tons, reflecting an increase of 7% YoY and 9% MoM. For 7MFY26, Ex-FO sales totaled 9.41mn tons, a 5% YoY rise.
In Jan 2026, Motor Spirit (MS) prices decreased by 4% MoM to an average of Rs253.17/litre from an average of Rs263.45/litre in Dec 2025, while High-Speed Diesel (HSD) prices declined by 6% MoM to an average of Rs257.08/litre from an average of Rs272.65/litre in Dec 2025.
Product-wise, MS sales saw a 3% YoY and 2% MoM increase to 641k tons in Jan 2026, while HSD sales rose 11% YoY and 20% MoM to 664k tons. FO sales for Jan 2026 were up by 76% YoY and MoM to 102k tons, which is a seven-month high.
Company-wise, among listed entities, Attock Petroleum’s (APL) sales stood at 134k tons in Jan 2026, up 2% YoY and 31% MoM mainly due to higher FO sales. APL’s market share clocked at 9.01% for HSD and 8.39% for MS in Jan 2026, up 36bps and 67bps respectively.
PSO sales rose 6% YoY and 17% MoM in Jan-26 to 626k tons. In Jan 2026, PSO’s market share in MS and HSD stood at 37.88% and 42.75%, reflecting a MoM increase of 124bps and 258bps, respectively.Pakistan Fuel Oil Exports Hit Record High
Wafi Energy Pakistan Limited (WAFI) recorded sales of 122k tons in Jan 2026, up 20% YoY and 17% MoM, while HASCOL’s sales reached 49k tons, down by 3% YoY but up 5% MoM.
For FY26, oil sales are expected to grow in the range of 7–10%. The government has set a Petroleum Development Levy (PDL) collection target of Rs1.47trn for FY26, of which Rs871bn (59%) has been collected in 7MFY26, we believe,” Topline analysts said.
