In July 2025, petroleum sales in Pakistan rose 2% YoY to 1.22 million tons, despite a 22% MoM decline due to heavy rains, rising Motor Spirit (MS) and High-Speed Diesel (HSD) prices, and the new Carbon Sustainability Levy. 

– **Sales Breakdown:**

  – MS: down 16% MoM (0.61 million tons) 

  – HSD: down 18% MoM (0.51 million tons) 

  – Furnace Oil (FO): down 88% MoM (0.02 million tons)

YoY, MS and HSD sales grew by 4% and 9% respectively, while FO sales plummeted 80% due to reduced power generation.

**Company Performance:**

– Pakistan State Oil (PSO) saw a 7% YoY decrease in sales (0.51 million tons), with MS and HSD each down 3%, and FO down 93%.

– Asia Petroleum Limited (APL) also decreased by 3% to 0.10 million tons.

– Growth was seen with WAFI and HASCOL, whose sales increased by 22% and 16% YoY, respectively.

**Market Shares:**

– PSO’s market share fell to 41.6%, while APL’s dropped to 8.1%. In contrast, WAFI’s share grew to 8.6%, HASCOL reached 3.7%, and Gas and Oil Pakistan Ltd increased significantly to 14.2%. Other OMCs collectively decreased to 23.8%.

**Revenue:**

– Petroleum Levy collection in July 2025 was approximately PKR 107 billion, with a Carbon Sustainability Levy of PKR 3.56 billion. The Federal Government has set a revised Petroleum Levy target of PKR 1,468 billion for FY26.

*Courtesy – AHL Research*AHL Research