The Oil Marketing Company (OMC) sector posted a 130 percent year-on-year (YoY) increase in earnings during the first nine months of the fiscal year 2026 (9MFY26), reaching Rs. 52.9 billion compared to Rs. 22.9 billion during the same period last year.
This immense growth was primarily driven by higher inventory gains, notably in the third quarter (3QFY26) when fuel rates were criminally hiked, alongside high average prices and a significant reduction in finance costs.
According to the 9MFY26 sector results summary shared by Arif Habib Limited, the sector’s overall gross profit soared by 86 percent YoY to Rs. 161.3 billion, elevating gross margins to 6.2 percent.
This profitability jump occurred despite a slight 3 percent YoY decline in net revenue, which settled at Rs. 2.61 trillion. Furthermore, the sector’s finance costs dropped prominently by 35 percent YoY to Rs. 20 billion, which heavily supported the bottom line.
Among the individual KSE-100 companies driving these metrics, Pakistan State Oil (PSO) reported an impressive 149.6 percent YoY surge in its profit after taxation to Rs. 38.1 billion.
Attock Petroleum Limited (APL) also witnessed strong growth, with its net earnings rising by 91.8 percent YoY to Rs. 14.7 billion.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
Extracting oil from blood of common citizens…. !
They will also lose on inventory when prices go down.
This is part of the business
It’s very sad that in a poor country like Pakistan, the rich benefit and get richer by the day whereas, the man on the motorcycle or the woman on the scooter, and ordinary car owners suffer daily at the hands of petroleum pump dealers with high prices of petroleum & diesel. It is surprising as to how the government has quietly manoeuvred to raise the price of hi octane used for SUV vehicles that they use themselves, even as private cars, while the price of super is virtually at the same price!
Mazey ki bast yea sab Islam k perokar hyn jo zulam aur lalach kar rahy hyn
The government is a major partner in this crime. The government fixes the price of oil and is very well aware what profit is being taken by whom. All those who can take notice enjoy free oil and they are least bothered. The times of suo moto notices has passed.
Corrupt form 47 govt
They tell us prices are based on replacement costs and that they don’t profit and yet they make a profit? Author should dig deeper as to why.