Pakistan’s total petroleum sales declined to 1.36 million tons in April 2026, registering a 7 percent year-on-year (YoY) decrease and a 6 percent drop compared to the previous month, mainly due to higher petrol and diesel prices during the period.

According to Topline Securities, the increase in fuel prices significantly reduced consumption across the country. Despite the monthly slowdown, cumulative sales for the first ten months of FY26 reached 13.8 million tons, reflecting a 4 percent YoY increase.

Excluding furnace oil (FO), fuel sales fell 11 percent YoY and 10 percent month-on-month (MoM) to 1.22 million tons in April. However, ex-FO sales during 10MFY26 stood at 13.2 million tons, showing a 5 percent annual growth.

Pakistan State Oil (PSO) recorded fuel sales of 591,000 tons in April 2026, down 5 percent YoY from 624,000 tons a year earlier and 6 percent lower than March volumes. Over the first ten months of FY26, PSO’s cumulative sales slightly declined by 1 percent to 5.83 million tons compared with 5.89 million tons in the same period last year.

Hascol Petroleum Limited posted a sharper contraction, with April sales dropping 26 percent YoY to 35,000 tons from 48,000 tons last year. Its cumulative sales for the ten-month period also edged down 2 percent YoY to 426,000 tons.

Attock Petroleum Limited (APL) reported comparatively moderate declines. The company sold 119,000 tons in April, down 6 percent YoY from 126,000 tons recorded in April 2025. Its total sales for 10MFY26 slipped 2 percent to 1.13 million tons versus 1.16 million tons last year.

Wafi Energy Pakistan Limited (formerly Shell Pakistan) maintained relatively stable monthly performance, recording sales of 100,000 tons in April, slightly below March’s 103,000 tons. On a cumulative basis, Wafi’s fuel sales rose 16 percent YoY to 1.1 million tons during 10MFY26, compared with 950,000 tons in the corresponding period of FY25.