Fuel Pumps See Strong January Recovery As Sales Jump by 10%

Pakistan’s oil marketing companies recorded a strong rebound in January 2026, with total industry sales reaching 1.5 million tons, up 10 percent year on year (YoY) and 12 percent month on month (MoM), according to data released by Topline Securities.

The higher volumes lifted cumulative OMC sales for the first seven months of FY26 to 9.7 million tons, showing a 3 percent increase compared with the same period last year.

Excluding furnace oil, sales stood at 1.4 million tons in January, reflecting growth of 7 percent YoY and 9 percent MoM. On a cumulative basis, ex-furnace oil sales during 7MFY26 reached 9.4 million tons, up 5 percent YoY.

Industry data shows that high-speed diesel remained the largest contributor, with January sales of 664,000 tons, rising 11 percent YoY and 20 percent compared with December. Motor spirit sales increased 3 percent YoY to 641,000 tons, while furnace oil sales jumped sharply on a low base to 102,000 tons.

At the company level, market leader Pakistan State Oil posted total January sales of 626,000 tons, up 6 percent YoY and 17 percent MoM. PSO’s diesel sales grew 9 percent YoY, while motor spirit volumes declined 3 percent.

Attock Petroleum Limited reported total sales of 134,000 tons in January, showing modest growth of 2 percentYoY but a sharp 31 percent increase from December levels. Diesel volumes at APL were largely flat on a yearly basis.

WAFI Energy Pakistan emerged as one of the stronger performers, with total sales rising 20 percent YoY to 122,000 tons. The increase was driven mainly by higher diesel and other fuel sales.

Hascol Petroleum Limited, however, saw total volumes decline 3 percent YoY to 49,000 tons, although MoM sales improved by 5 percent.

The improvement in January volumes reflects a recovery in transport fuel demand and higher diesel consumption, while furnace oil remains structurally weak despite short-term fluctuations.

For the first seven months of FY26, total industry sales stand at 9.7 million tons, with motor spirit and diesel volumes continuing to drive growth, while furnace oil demand remains subdued due to lower reliance on oil-based power generation.