Refinery upliftment rises 9.7% YoY in October as furnace oil demand strengthens

Pakistan’s refineries processed and sold more petroleum products in October 2026, with sector-wide upliftment up 9.7% from a year earlier, according to industry data reported by Profit by Pakistan Today. Furnace oil demand, better crude availability and stronger refinery operations supported the increase, while power-sector demand also contributed. Across July-October FY27, upliftment reached 4.311 million tonnes, 28.9% above the corresponding period.

Cnergyico posted the largest rise among the named refineries, with sales up 94% to 233,000 tonnes; ATRL’s sales slipped 2.5%, while PRL and NRL recorded gains of 5.4% and 12.8%. October output across the sector grew 9.2% to 1.009 million tonnes, including a 52% increase in furnace oil production, although petrol output fell 9.5%. Average utilisation was 59%, little changed from September’s 59.5%, and the product mix included 28% furnace oil, 21% petrol and 47% HSD.