Pakistan’s petroleum consumption recorded a strong rebound in March 2026, with total oil sales rising sharply despite elevated fuel prices and heightened regional uncertainty.

Data compiled by Topline Securities showed that oil marketing companies (OMCs) collectively sold 1.44 million tons of petroleum products during March, marking a 19 percent increase year-on-year compared to 1.22 million tons in the same month last year.

On a monthly basis, industry sales expanded 13 percent compared to February, indicating resilient fuel demand even after significant increases in petrol and diesel prices.

Strong Growth Across Major Fuels

Motor spirit (petrol) sales reached 670,000 tons, registering a 16 percent annual rise and an 8 percent month-on-month increase, reflecting sustained transportation activity.

High-speed diesel (HSD), largely linked with agriculture and freight movement, posted even stronger growth. Sales climbed 21 percent year-on-year and 13 percent over the previous month to 590,000 tons, suggesting continued momentum in economic and logistics activity.

Furnace oil volumes showed the biggest jump, surging 62 percent annually and 98 percent month-on-month to 88,000 tons, supported by a lower comparison base and improved industrial demand.

Excluding furnace oil, overall petroleum sales stood at 1.36 million tons, up 17 percent year-on-year and 10 percent compared to February. Cumulative ex-furnace oil sales for the first nine months of FY2025-26 reached 12 million tons, reflecting 7 percent growth over the same period last year.

Company Performance

Among major players, Pakistan State Oil retained market leadership with sales of 627,000 tons, posting a 23 percent annual increase.

Attock Petroleum Limited recorded 114,000 tons in sales, up 8 percent, while Wafi Energy Pakistan Limited reported 103,000 tons, showing 17 percent growth.

Hascol Petroleum Limited sold 45,000 tons, slightly below last year’s level.