Pakistan’s petroleum product sales saw a 7.0% year-on-year (YoY) increase in Fiscal Year 2025, reaching 16.32 million tonnes, up from 15.28 million tonnes in FY24. This growth, reported by The News on Thursday, reflects a robust expansion in the petroleum sector.
For the fiscal year ending June 30, motor gasoline (MS) and high-speed diesel (HSD) sales experienced gains, while furnace oil (FO) sales saw a decline. Volumetric sales for MS, HSD, and FO stood at 7.6 million tonnes, 6.89 million tonnes, and 0.81 million tonnes, respectively.
Petroleum sales in June FY25 jumped by 8.0% YoY and 2.0% month-on-month (MoM). This surge was driven by expectations of local price hikes amid rising global oil prices—largely due to the conflict in the Middle East—and increased demand from the national electricity grid. Elevated gas prices led to a shift away from captive power, contributing to higher FO-based power generation.
On a month-on-month basis, MS offtake in June FY25 rose by 5.0% to 0.73 million tonnes, marking a 36-month high. FO sales in June reached 0.13 million tonnes, up 62% YoY. However, HSD sales fell 8.0% MoM, likely due to the conclusion of the harvesting season.
Comparing year-on-year figures, oil marketing companies (OMCs) reported an 8.0% rise in June sales, totaling 1.57 million tonnes. This growth is attributed to increased demand following a reduction in MS and HSD prices, a decline in smuggled petroleum from Iran, and a rise in automobile sales.
MS dispatches increased 5.0% YoY to 0.73 million tonnes, while HSD sales rose 9.0% YoY to 0.62 million tonnes in June FY25, compared to 0.57 million tonnes in the same month last year. FO volumes grew 22% YoY, reaching 0.13 million tonnes due to greater reliance on FO-based power generation.
Among listed companies, Attock Petroleum Limited (APL) recorded sales of 132,000 tonnes in June 2025, up 2.0% YoY but down 4.0% MoM, primarily due to a 20% MoM decline in HSD sales. APL’s market share in MS and HSD stood at 7.85% and 8.31%, respectively, a decrease of 37bps and 123bps from the previous month.
Pakistan State Oil (PSO) saw sales increase 2.0% YoY and 3.0% MoM, reaching 661,000 tonnes in June 2025. PSO’s market share in HSD and MS was 43.9% and 43.3%, with HSD share down 29bps MoM and MS share up 287bps. Overall, PSO’s market share increased from 41.91% in May to 42.2% in June 2025, primarily driven by gains in MS.
Wafi Energy Pakistan Limited (WAFI) reported June sales of 127,000 tonnes, up 19% YoY and 3% MoM, marking a 32-month high. Meanwhile, HASCOL’s sales stood at 43,000 tonnes, a 15% YoY rise but a 19% MoM decline.
