Petroleum sales drop 16% MoM to 1.26m tons in August

According to Mettis Global, oil marketing companies sold 1.26 million tons of petroleum products in August 2026, a 3% decline from a year earlier. The same month of 2025 had volumes of 1.30 million tons, based on data from the Oil Companies Advisory Council. Compared with July, when the industry sold 1.51 million tons, August volumes fell by 16%.

Motor spirit volumes came to 0.67 million tons, which is 9% below July and roughly level with last year, as higher fuel prices held back demand. High-speed diesel dropped far more steeply, down 32% from the previous month and 19% on a yearly basis, to 0.42 million tons. Furnace oil ran against the trend, climbing 429% year on year and 26% month on month to 0.10 million tons, though from a very small base.

Individual company figures in the report show PSO at 0.57 million tons, APL at 0.12 million tons and WAFI at 0.11 million tons for the month. Cumulative industry sales for the first two months of FY27 climbed 10% to 2.77 million tons, up from 2.52 million tons in the corresponding period last year.