Oil Sales up 32% in April 2025
Staff Report
Islamabad: Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.46mn tons in Apr 2025, up 32% YoY and 20% MoM. The rise was driven by a combination of stabilized petrol and diesel prices, increased intercity travel during the Eid-ul-Fitr holidays, seasonal demand from wheat harvesting, reduced smuggling, and a low base effect from March 2025 due to Ramadan.
This takes total sales for 10MFY25 to 13.2mn tons, reflecting a 6% YoY increase compared to 12.4mn tons in 10MFY24.
Excluding Furnace Oil (FO) sales in Apr 2025 were 1.4mn tons, reflecting a 28% YoY and 18% MoM rise. For 10MFY25, Ex-FO sales totaled 12.6mn tons, a 9% YoY rise.
Product wise: Motor Spirit (MS) sales have witnessed increase of a 24% YoY and 14% MoM.The total sale stood at 660,000 tons in Apr 2025. Similarly, High-Speed Diesel (HSD) sales also jumped 33% YoY and 28% MoM, reaching 622000 tons.
FO sales for Apr 2025 rose by 182% YoY and 55% MoM to 84k tons.
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Company wise: Among the listed entities, Attock Petroleum (APL) sales clocked in at 126K tons in Apr 2025, up by 28% YoY and 20% MoM primarily driven by 27% YoY and 13% MoM rise in HSD sales. APL has market share of 8.26% in MS and 7.92% in HSD, down 22bps and 105bps respectively from Mar 2025.
Pakistan State Oil (PSO) has also witnessed an increase of of 12% YoY and 22% MoM to 624K tons in Apr 2025. PSO’s market share in HSD and MS clocked in at 44.54% and 41.46%, up 146bps and 254bps MoM, respectively in Apr 25. PSOs overall market share has up from 41.87% in Mar 2025 to 42.78% in Apr 2025 up 90bps primarily led by increase in MS market share.
Wafi Energy Pakistan Limited (WAFI) also faced an increase of 23% YoY and 14% MoM to 100K tons. HASCOL sales clocked in at 48k tons, up 76% YoY while down 4% MoM, the only company which saw a MoM fall.
Government has set a Petroleum Development Levy (PDL) collection target of Rs1.28trn for FY25 of which Rs939bn (73%) has been collected in 10MFY25, we believe.
