Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.4mn tons in Nov 2025, down 10% YoY and 5% MoM.
The YoY decline is due to a high base in Nov 2024, when OMC sales hit a 25-month peak driven by a 30-month high in HSD sales. This surge last year followed price stability, an improving economy, and tighter control on smuggling, with PSO leading HSD sales.
Read More: OMCs sales up 8% in September 2025
This takes total sales for 5MFY26 to 6.81mn tons, reflecting a 1% YoY increase compared to 6.75mn tons in 5MFY25.
Excluding Furnace Oil (FO), sales in Nov 2025 were 1.39mn tons, a decline of 9% YoY and 5% MoM. For 5MFY26, Ex-FO sales totaled 6.71mn tons, a 4% YoY rise.
Motor Spirit (MS) prices remained stable at an average of Rs265/litre, while High Speed Diesel (HSD) prices rose by 3% from an average of Rs273.02/litre in Oct 2025 to Rs281.44/litre in Nov 2025.
Product-wise, MS sales saw a 9% YoY and 7% MoM decrease to 608k tons in Nov 2025. Similarly, HSD sales fell 13% YoY and 4% MoM to 683k tons.
FO sales for Nov 2025 declined by 32% YoY and 9% MoM to 25k tons. CYNERGY was the main seller of FO this month, with 16k tons.
Company-wise, Attock Petroleum Limited (APL) recorded sales of 109k tons in Nov 2025, down 17% YoY and 12% MoM mainly due to lower HSD sales. APL’s market share stood at 8.24% in MS and 7.59% in HSD, down 17bps and 79bps respectively in Nov 2025.
PSO saw a fall of 19% YoY and a flattish MoM performance to 643k tons in Nov 2025. PSO’s market share in MS and HSD clocked in at 39.30% and 48.08%, up 48bps and 474bps MoM respectively. Its overall market share rose from 42.95% in Oct 2025 to 45.36% in Nov 2025, up 241bps, primarily due to an increase in HSD market share.
Wafi Energy Pakistan Limited (WAFI) recorded sales of 112k tons in Nov 2025, up 8% YoY but down 8% MoM, while HASCOL’s sales reached 34k tons, down 2% YoY and 19% 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 an estimated Rs621bn (42%) has already been collected in 5MFY26.
