OMC Sales Rise 8% MoM in January 2025
ISLAMABAD: Pakistan’s Oil Marketing Companies recorded sales of 1.28 million tons in December 2024, marking a 3% year-on-year increase. This growth was driven by lower petroleum prices, macroeconomic stabilization, and reduced smuggling.
Total sales for the first half of FY25 stood at 8 million tons, up 4% from 7.7 million tons in the same period last year. Excluding furnace oil, sales in December 2024 reached 1.2 million tons, reflecting a 7% YoY increase but a 20% month-on-month decline. Ex-FO sales for 1HFY25 totaled 7.7 million tons, an 8% YoY rise.OMC Sales in Dec 2024 Up 3% YoY, Down 19% MoM
Motor Spirit sales dropped 1% YoY and 15% MoM to 566,000 tons due to seasonal declines in economic activity. High-Speed Diesel sales increased 12% YoY but fell 27% MoM to 573,000 tons, with YoY growth supported by lower prices. Furnace oil sales in December 2024 fell 48% YoY but rose 12% MoM to 41,000 tons.
Among listed companies, Attock Petroleum reported sales of 111,000 tons in December 2024, down 14% YoY and 15% MoM due to a sharp drop in FO sales. Its market share in MS and HSD improved to 8.71% and 9.48%, respectively. Pakistan State Oil’s sales declined 4% YoY and 28% MoM to 572,000 tons, with its overall market share falling from 51% in November to 45% in December.
Shell Pakistan’s sales increased 5% YoY but declined 8% MoM to 95,000 tons. HASCOL recorded sales of 43,000 tons, up 59% YoY and 25% MoM.
The government has set a Petroleum Development Levy collection target of Rs1.28 trillion for FY25, with Rs557 billion, or 43%, collected in the first half of the fiscal year.