Pakistan’s Fuel Exports Hit Highest Level in FY26

Pakistan imported more crude oil, reduced refined fuel and RLNG imports, and increased petroleum exports during FY26, reflecting changes in the country’s energy consumption, refinery operations, and fuel supply mix, according to data compiled by Arif Habib Limited.

Total petroleum imports increased 3 percent year over year to 17.6 million tons during FY26, driven by a 16 percent increase in crude oil imports to 10.77 million tons. The rise in crude imports offset declines in refined petroleum products, as local refineries processed more crude domestically.

Imports of motor spirit (petrol) fell 4 percent to 5.35 million tons, while high speed diesel (HSD) imports dropped 34 percent to 1.35 million tons.

Analysts attributed the decline to lower demand, improved refinery throughput, and reduced dependence on imported diesel. Meanwhile, local crude oil production increased 4 percent to 64,675 barrels of oil per day.

Pakistan’s natural gas supply remained broadly stable at 2,885 million cubic feet per day, but re liquefied natural gas (RLNG) supply declined 28 percent to 665 million cubic feet per day. As a result, RLNG’s share in the country’s gas mix fell to 19 percent from 24 percent a year earlier, largely because of supply disruptions.

On the export side, petroleum exports increased 10 percent to 2 million tons during FY26, led by a 21 percent increase in fuel oil exports, which reached 1.74 million tons. Although domestic fuel oil sales remained largely unchanged, exports accounted for 42 percent of total fuel oil sales, up from 38 percent in FY25, underscoring Pakistan’s continued reliance on export markets amid weak domestic demand for fuel oil.