OMC Sept sales dip 2pc YoY, rise 7pc MoM

Business Recorder reported, citing Topline Research, that sales by Pakistan's oil marketing companies reached 1.3 million tons in September 2026. That volume was 2 percent lower than a year earlier but 7 percent higher than in August. Over the first quarter of FY27, cumulative OMC volumes totalled 4.1 million tons, a 6 percent year-on-year gain driven mainly by furnace oil.

Furnace oil volumes rose sevenfold from a year earlier to 93,000 tons, which the research house linked to LNG shortages that lifted fuel use in power generation. Excluding furnace oil, September sales fell 8 percent annually to 1.25 million tons, as fuel prices climbed sharply: motor spirit averaged Rs375 per litre, up 42 percent, and diesel reached Rs401 per litre, up 48 percent. Diesel volumes, meanwhile, jumped 25 percent from August to 525,000 tons, which Topline attributed to a seasonal factor.

PSO was the only listed OMC to post gains on both annual and monthly sales, with 639,000 tons sold, up 12 percent on each basis. Its market share rose 230 basis points to 47.51 percent, helped by higher diesel share. Attock Petroleum sold 116,000 tons, unchanged year-on-year, while Wafi Energy recorded 110,000 tons, down 6 percent annually, and the four listed OMCs together held 67 percent of the market.