Public Demand for Petrol and Diesel Crashes in June 2026

Pakistan’s petroleum product sales remained under pressure in June 2026, declining 20 percent year-on-year to 1.26 million tons, although volumes increased 7 percent compared with May, according to industry data shared by Arif Habib Limited (AHL) .

Excluding furnace oil (FO), total oil marketing company (OMC) sales fell 15 percent year-on-year but increased 6 percent month-on-month.

The annual decline was mainly driven by lower sales of motor spirit (MS) and high-speed diesel (HSD). HSD demand was further affected by increased cross-border smuggling, which became more attractive as local prices remained elevated.

For the full fiscal year 2025-26, total OMC sales stood at 16.2 million tons, broadly unchanged from the previous year, as stronger demand during most of the year was offset by weaker consumption in the final quarter following the outbreak of the US-Iran conflict.

HSD sales fell 20 percent year-on-year to 0.50 million tons in June, while MS sales declined 11 percent to 0.65 million tons. Furnace oil sales dropped 68 percent from a year earlier, mainly due to higher hydropower generation, which reduced demand for oil-fired electricity production.

On a monthly basis, petroleum sales recovered after the government reduced fuel prices in line with lower international oil prices and easing geopolitical tensions. Total OMC sales increased 7 percent to 1.26 million tons, with MS sales rising 5 percent and HSD sales increasing 9 percent from May. Furnace oil sales also rose 41 percent month-on-month, supported by higher electricity demand during the summer season.’

Company-Wise Data

Among individual companies, Pakistan State Oil (PSO) recorded a 20 percent year-on-year decline in total sales to 0.53 million tons in June. MS sales fell 21 percent to 0.25 million tons, while HSD sales declined 22 percent to 0.21 million tons. Furnace oil sales dropped 83 percent during the month.

During FY26, PSO’s market share declined to 42.4 percent from 44 percent a year earlier.

In contrast, Gas & Oil Pakistan Limited (GO) increased its market share to 11.7 percent from 10.4 percent.

Attock Petroleum Limited (APL) reported a 21 percent year-on-year decline in sales to 0.10 million tons in June, while its FY26 market share fell to 8.2 percent.

Wafi Energy Pakistan Limited (formerly Shell Pakistan) recorded an 8 percent decline in June sales, although its FY26 market share improved to 8.2 percent, up 0.8 percentage points from the previous year.

Hascol Petroleum’s sales remained broadly unchanged during the month, while its FY26 market share declined to 3.1 percent from 3.35 percent.

Petroleum Levy

Meanwhile, petroleum levy (PL) collections reached approximately Rs. 1.508 trillion during FY26, exceeding the government’s annual target of Rs. 1.468 trillion.