Sales by Pakistan’s oil marketing companies (OMCs) declined 3 percent year-on-year and 16 percent month-on-month in August 2026. Total sales fell to around 1.3 million tons as higher petrol and diesel prices reduced fuel demand.
The decline came despite a sharp increase in furnace oil sales during the month. Furnace oil sales rose more than four times compared with August last year and increased 26 percent from July.
The rise in furnace oil demand was linked to LNG shortages and increased load shedding in Punjab. Power generation requirements pushed demand for furnace oil higher during the month.
Excluding furnace oil, OMC sales declined 9 percent year-on-year and 23 percent month-on-month. Sales stood at around 1.2 million tons in August.
Despite the monthly decline, OMC sales during the first two months of fiscal year 2027 remained higher than last year. Total sales reached 2.8 million tons, showing a 10 percent year-on-year increase.
Sales excluding furnace oil also increased during the first two months of the fiscal year. They rose 7 percent to around 2.7 million tons compared with the same period last year.
Petrol sales declined 1 percent year-on-year and 9 percent month-on-month in August. Total petrol sales stood at around 666,000 tons during the month.
High-speed diesel recorded a sharper decline. Diesel sales fell 19 percent year-on-year and 32 percent month-on-month to around 422,000 tons.
The decline in fuel demand came as prices increased significantly during August. Average motor spirit prices reached around Rs334 per litre.
Petrol prices were around 26 percent higher than the same month last year. They also increased by around 6 percent compared with July.
High-speed diesel prices averaged around Rs379 per litre during August. The price was 36 percent higher year-on-year and 11 percent higher than the previous month.
Among listed companies, Attock Petroleum recorded sales of around 121,000 tons. Its sales increased 8 percent year-on-year but declined 5 percent month-on-month.
Attock Petroleum’s market share increased by 119 basis points to 9.61 percent. The company continued to maintain a significant position in Pakistan’s fuel market.
Pakistan State Oil (PSO) recorded sales of around 570,000 tons in August. Its sales increased 4 percent year-on-year but dropped 19 percent month-on-month.
PSO’s market share declined by 131 basis points to 45.21 percent. The decline was mainly linked to a sharp fall in the company’s furnace oil sales.
PSO sold only around 23 tons of furnace oil during August. This was significantly lower than its sales in the corresponding period.
Wafi Energy recorded sales of around 107,000 tons during the month. Its sales increased 1 percent year-on-year but declined 18 percent month-on-month.
Hascol Petroleum recorded sales of around 35,000 tons. Its sales fell 16 percent year-on-year and 16 percent month-on-month.
Hascol was the only listed company among those highlighted to record a year-on-year decline in sales. The overall market continued to face pressure from higher fuel prices and changing energy demand.
The latest figures highlight the impact of rising fuel costs on Pakistan’s petroleum market. While furnace oil demand increased because of energy shortages, petrol and diesel demand weakened during August.
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