Oil marketing companies (OMCs) recorded total sales of 1.5 million tons in October, a volume that remained nearly unchanged year-on-year. However, on a month-on-month basis, sales increased by 9 percent, mainly due to higher diesel consumption during the crop harvesting season.
According to a report published in Dawn, Topline Securities analyst Maisa Sohail stated that the monthly increase was driven by a recovery in the demand for high-speed diesel (HSD), following the receding monsoon rains and floods across various parts of the country.
In the first four months of FY2026, total OMC sales reached 5.4 million tons, reflecting a 4 percent increase compared to 5.2 million tons during the same period last year.
Petrol sales in October declined by 2 percent year-on-year and 4 percent month-on-month, reaching 657,000 tons. However, during the initial four months of FY2026, total petrol sales increased by 4 percent to 2.628 million tons.
High-speed diesel sales in October rose by 4 percent year-on-year and 21 percent month-on-month, reaching 714,000 tons. Between July and October, total diesel consumption climbed to 2.336 million tons, marking an 11 percent rise compared to the previous financial year.
On the other hand, furnace oil sales fell sharply by 52 percent year-on-year in October, dropping to just 28,000 tons. Despite this decline, monthly sales surged by 108 percent due to temporary demand from power-generating companies. In the first four months of FY2026, furnace oil sales totaled 75,000 tons—a steep 72 percent decline from last year.
Major sellers of furnace oil in October included Cynergy, Pakistan State Oil (PSO), and Pearl Parco.
According to Maisa Sohail, overall oil sales are expected to grow by 7 to 10 percent in FY2026, driven by improved economic activity, increased transportation needs, and stronger agricultural output.
