Key Takeaways
- Pakistan's petroleum product sales rose 23% year-on-year in July 2026.
- Motor Spirit and High-Speed Diesel sales increased significantly by 19% and 23%, respectively.
- Pakistan State Oil outperformed the market, gaining market share in both fuel categories.
Petroleum product sales in Pakistan surged to their highest level for any July since 2021, marking a 23 percent year-on-year increase to 1.51 million tons in July 2026.
The robust performance was attributed to lower domestic fuel prices and improved agricultural activity, which boosted overall fuel consumption.
Motor Spirit sales witnessed a notable rise of 19 percent year-on-year, reaching 0.73 million tons, while High-Speed Diesel sales increased by 23 percent to 0.62 million tons.
Furnace oil recorded the most significant growth, surging 406 percent from a year earlier to 0.08 million tons, primarily due to higher consumption in the power sector.
Pakistan State Oil (PSO) led the market with total sales of 702,000 tons, up 38 percent year-on-year, and strengthened its position by increasing its petrol market share to 46.8 percent, the highest since March 2024.
In contrast, Gas & Oil Pakistan (GO) saw a decline in both fuel categories, with its petrol market share falling to 5 percent, its lowest level since June 2024, and HSD market share dropping to 7 percent, the weakest since May 2024.
Other major oil marketing companies also reported positive growth. Attock Petroleum Limited (APL) saw a 28 percent increase in sales to 127,000 tons, while Wafi Energy recorded a 24 percent rise to 131,000 tons.
HASCOL was the only major player to report a decline, with its sales slipping 6 percent year-on-year to 42,000 tons.
The government collected around Rs. 134 billion in Petroleum Development Levy (PDL) during July, on track to meet the FY27 target of Rs. 1.68 trillion.
