In a recent report by AHL Research, Pakistan’s oil marketing companies (OMCs) experienced a notable surge in sales during March 2026, with total petroleum sales rising 19% year-on-year to 1.44 million tons. This growth was bolstered by expectations of rising petroleum prices amid rising international oil prices.
Excluding furnace oil (FO), volumes still rose by 16.7%, indicating robust demand in the sector. High-speed diesel (HSD) sales saw a remarkable increase of 21% year-on-year, while motor spirit (MS) sales grew by 16%. FO sales skyrocketed by 62%, reflecting a significant uptick in power demand due to reliance on FO amidst RLNG disruptions.
Cumulatively, for the first nine months of FY26, total petroleum product sales reached 12.40 million tons, marking a 5% increase compared to the previous year.
Pakistan State Oil (PSO) led the industry with a 23% rise in sales in March, although its market share declined to 42.2%.
Meanwhile, Gas & Oil Pakistan Ltd (GO) expanded its market presence, increasing its market share to 12.2%. The total Petroleum Levy collection for the period stands at approximately PKR 1,192.3 billion, with the government targeting PKR 1,468 billion for FY26.
