Pakistan’s oil marketing companies (OMCs) recorded a strong recovery in fuel demand during March 2026, with total petroleum sales rising 19 percent year-on-year (YoY) to 1.44 million tons, compared with 1.22 million tons in March 2025, according to data compiled by Topline Securities.
On a month-on-month (MoM) basis, industry-wide sales increased 13 percent compared to February levels, showing resilient consumption despite a notable rise in petrol and diesel prices during the month.
Cumulative sales for the first nine months of FY2025-26 reached 12.4 million tons, reflecting a 5 percent YoY increase from 11.77 million tons recorded in the corresponding period last year.
Product-Wise Performance
Motor spirit (MS) sales climbed 16 percent YoY and 8 percent MoM to 670,000 tons, supported by steady transportation demand.
High-speed diesel (HSD) sales rose 21 percent YoY and 13 percent MoM to 590,000 tons, indicating continued activity in agriculture, logistics, and heavy transport sectors.
Furnace oil (FO) recorded the sharpest growth, with volumes surging 62 percent YoY and 98 percent MoM to 88,000 tons, primarily due to a low base effect and stronger industrial consumption.
Excluding furnace oil, petroleum sales stood at 1.36 million tons in March, increasing 17 percent YoY and 10 percent MoM. This pushed cumulative ex-FO sales for 9MFY26 to 12 million tons, up 7 percent YoY compared to the same period last fiscal year.
Company-Wise Performance
Pakistan State Oil maintained its position as market leader, posting total sales of 627,000 tons, up 23 percent YoY.
Attock Petroleum Limited reported sales of 114,000 tons, marking an 8 percent YoY increase, while Wafi Energy Pakistan Limited recorded 103,000 tons, up 17 percent YoY.
Hascol Petroleum Limited posted sales of 45,000 tons, slightly lower compared to the same month last year.
Most probably due to the fact that lot many people have switched from Hi-octane to regular fuel.