Pakistan’s petroleum product sales jumped 23 percent year-on-year in July 2026, reaching 1.51 million tons and delivering the strongest July performance in four years, as cheaper fuel, a recovering economy, and robust farm activity drove demand across the board.
Data compiled by Arif Habib Limited from the Oil Companies Advisory Council (OCAC) shows oil marketing companies (OMCs) sold 1.51 million tons during the month, up from 1.22 million tons in July 2025 and 20 percent higher than June 2026. Strip out furnace oil, and petroleum sales hit their highest July level since 2021.
The report credits the rebound to lower domestic pump prices, improving farm economics, stronger agricultural activity, and a gradual pickup in both broader economic demand and automobile sector consumption. Month-on-month, sales also got a tailwind from softening global crude prices as geopolitical tensions eased.
Petrol sales rose 19 percent year-on-year to 0.73 million tons, while high-speed diesel climbed 23 percent to 0.62 million tons. Furnace oil stole the spotlight with a staggering 406 percent surge to 0.08 million tons, driven largely by higher offtake from the power sector.
PSO tightens its grip. Pakistan State Oil led the pack, posting a 38 percent jump in total sales to 702,000 tons. The state-owned giant expanded its petrol market share to 46.8 percent — the highest since March 2024 — and its diesel share to 46.7 percent, a level not seen since November 2025. Those gains came largely at the expense of Gas & Oil Pakistan, whose petrol share slumped to 5 percent and diesel share to 7 percent, both multi-year lows.
Among other listed players, Attock Petroleum posted a 28 percent rise to 127,000 tons, while Wafi Energy — formerly Shell Pakistan — recorded a 24 percent increase to 131,000 tons. HASCOL was the lone laggard among major listed OMCs, with sales slipping 6 percent to 42,000 tons.
On the fiscal front, Arif Habib estimated the government collected roughly Rs. 134 billion in Petroleum Development Levy during July, keeping collections broadly on track to meet the full-year FY27 target of Rs. 1.68 trillion.
