PSO profit jump 172% to Rs25.6bn in 1QFY27 despite supply disruptions
Business Recorder • • 1 min read
Pakistan State Oil (PSO) earned Rs25.56 billion after tax in the first quarter of FY27, up 172% from Rs9.39 billion a year earlier, Business Recorder reported. Earnings per share rose to Rs54.44 from Rs20, while petroleum sales increased 17.8%, lifting PSO’s market share by 4.2 percentage points to 45.9%.
Sales growth included a 23.2% increase in motor gasoline and 12.8% in high-speed diesel, despite a fall in national diesel demand. PSO imported 16 cargoes totalling 756,000 MT and received 1.019 million MT of gasoline and diesel from local refineries amid regional supply disruption. Group profit attributable to PSO was Rs29.42 billion, including Pakistan Refinery Limited’s contribution; after the quarter, PSO also agreed to a government-to-government fuel supply deal with Oman’s OQ Trading.
At a glance
- PSO’s first-quarter after-tax profit rose 172% to Rs25.56 billion.
- Petroleum sales grew 17.8%, and market share reached 45.9%.
- PSO secured supplies through imports, local refineries and an agreement with Oman’s OQ Trading.
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Originally reported by Business Recorder
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