Pakistan’s Oil Sales in July: What You Need to Know?

In July 2025, Pakistan’s oil sales saw mixed results. While the overall yearly trend was positive, sales dropped sharply compared to the previous month. Let’s break it down in simple terms.

Key numbers

• Total oil sales: 1.22 million tons in July 2025
  • 🔼 Up 2% compared to July 2024
  • 🔽 Down 22% from June 2025
• Excluding Furnace Oil (FO):
  • 🔼 Up 8% YoY
  • 🔽 Down 16% MoM

What caused the drop?

The month-on-month decline is mainly because of:

• Heavy rains and flooding, which slowed transportation in northern areas
• Higher prices for petrol and diesel
• Pre-buying in June by companies expecting prices to rise due to new carbon/climate levies

Fuel price hikes

• Petrol: 🔼 by Rs 13.72/litre
• Diesel: 🔼 by Rs 21.76/litre

The increases were driven by global crude oil prices and rising tensions around the world.

Product breakdown

• Petrol (MS):
  • Sales rose 4% YoY
  • Fell 16% MoM to 613k tons
• Diesel (HSD):
  • Sales rose 9% YoY
  • Fell 18% MoM to 509k tons
  • Drop due to the end of the harvesting season and the recent price hike
• Furnace Oil (FO):
  • Fell 80% YoY and 88% MoM, to just 15k tons (a record low!)
  • Blamed on the new Petroleum Development Levy in the budget

Company performance

• APL (Attock Petroleum Ltd):
  • Sold 99k tons
  • Market share in petrol: 7.81%, diesel: 8.09%
• PSO (Pakistan State Oil):
  • Sales fell 7% YoY
  • Ex-FO down 1%
  • Market share in petrol and diesel: 40.8% and 38.6%
• WAFI (Wafi Energy):
  • Sales grew 22% YoY to 106k tons
  • Strong growth despite the monthly dip
• HASCOL:
  • Modest growth with 16% YoY increase to 45k tons

What’s ahead?

Topline Research expects oil sales to grow 7–10% in FY26, driven by economic recovery and better infrastructure.

Takeaway

Pakistan’s oil market is on a slow but steady recovery path. Despite short-term issues like floods and taxes, rising demand and better policies could push fuel sales higher in the coming months. Keep an eye on how WAFI and PSO perform; they’re shaping up to be key players in the fuel game.

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Source: Topline Securities

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →