OMC sales up 10% YoY and 5% MoM in May 2025; 11MFY25 sales up 7% YoY
ISLAMABAD: Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.53mn tons in May 2025, up 10% YoY and 5% MoM. The rise was driven by a combination of lower petrol and diesel prices, seasonal rise in demand of High-Speed Diesel (HSD) from wheat harvesting, reduced smuggling and improved economic activity.
This takes total sales for 11MFY25 to 14.76mn tons, reflecting a 7% YoY increase compared to 13.83mn tons in 11MFY24.
Excluding Furnace Oil (FO) sales in May 2025 were 1.45mn tons, reflecting a 10% YoY and 6% MoM rise. For 11MFY25, Ex-FO sales totaled 14.08mn tons, a 9% YoY rise.OMC Sales in Dec 2024 Up 3% YoY, Down 19% MoM
Product wise: Motor Spirit (MS) sales saw a 15% YoY and 6% MoM increase to 700k tons in May 2025. Similarly, HSD sales rose 5% YoY and 8% MoM to 672k tons.
FO sales for May 2025 rose by 16% YoY but down 5% MoM to 80k tons.
Company wise: Among the listed entities, Attock Petroleum (APL) sales clocked in at 137K tons in May 2025, down by 2% YoY but up 9% MoM primarily driven by 2% YoY and 30% MoM rise in HSD sales. APL has market share of 8.23% in MS and 9.54% in HSD, down 3bps but up 161bps respectively in May 2025.
Pakistan State Oil (PSO) saw a fall of 3% YoY but up 3% MoM to 642K tons in May 2025. PSO’s market share in HSD and MS clocked in at 44.21% and 40.47%, down 32bps and 99bps MoM, respectively in May 2025. PSOs overall market share fell from 42.78% in Apr 2025 to 41.91% in May 2025 down 87bps primarily led by decrease in MS market share.
Wafi Energy Pakistan Limited (WAFI) recorded sales of 123k tons in May 2025, up 23% YoY and MoM, marking a ~2.5-year high. While HASCOL’s sales rose to a ~2-year high of 54k tons, up 31% YoY and 13% MoM.
Government has set a Petroleum Development Levy (PDL) collection target of Rs1.28trn for FY25 of which Rs1.08bn (84%) has been collected in 11MFY25, we believe.
