OMCs Sale Up 8% in June 2025

By Ahmad Ameer • July 2, 2025

Staff Report
Islamabad: Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.57mn tons in Jun 2025, up 8% YoY and 2% MoM. The YoY increase is primarily due to gradual economic recovery. Also, lower smuggling from Iran amidst Iran Israel conflict can also be attributed to this YoY rise.

This takes total sales for FY25 to 16.32mn tons, reflecting a 7% YoY increase compared to 15.28mn tons in FY24.

Excluding Furnace Oil (FO) sales in Jun 2025 were 1.44mn tons, reflecting a 7% YoY rise while a 1% MoM fall. For FY25, Ex-FO sales totaled 15.05mn tons, a 9% YoY rise.

Product wise: Motor Spirit (MS) sales saw a 5% YoY and MoM increase to 732k tons in Jun 2025, reaching a ~3 year high (last seen in May 2022). Similarly, High Speed Diesel (HSD) sales rose 9% YoY but down 8% MoM to 618k tons. The MoM fall in HSD is due to seasonal demand amin end of harvesting season.

FO sales for Jun 2025 rose by 22% YoY and 62% MoM to 129k tons, a 17-month high. CYNERGY and Pearl PARCO were the main sellers for FO. The uptick in FO sales could be associated with prebuying from customers amidst expectations of imposition of PDL on FO w.e.f. Jul 01, 2025.

OMCs face a decline in the sale of Petroleum Products in August 2022

Company wise: Among the listed entities, Attock Petroleum (APL) sales clocked in at 132K tons in Jun 2025, up by 2% YoY but down 4% MoM, primarily driven by 20% MoM fall in HSD sales. APL has market share of 7.85% in MS and 8.31% in HSD, down 37bps and 123bps respectively in Jun 2025.

Pakistan State Oil (PSO) saw a rise of 2% YoY and 3% MoM to 661K tons in Jun 2025. PSO’s market share in HSD and MS clocked in at 43.9% and 43.3%, down 29bps while up 287bps MoM, respectively in Jun 2025. PSOs overall market share rose from 41.91% in May 2025 to 42.2% in Jun 2025 up 29bps primarily led by increase in MS market share.

Wafi Energy Pakistan Limited (WAFI) recorded sales of 127k tons in Jun 2025, up 19% YoY and 3% MoM, marking a 32-month high. While HASCOL’s sales reached 43k tons, up 15% YoY but down 19% MoM. FY26 Outlook: We expect oil sales in FY26 to grow in range of 7-10%.