Pakistan’s oil marketing companies (OMCs) recorded petroleum product sales of 1.3 million tons in August 2026, marking a 3% year-on-year (YoY) decline and a sharper 16% month-on-month (MoM) drop.
The monthly decline was primarily attributed to higher petrol and diesel prices, which weakened fuel demand during the month.
Despite the August slowdown, OMC sales remained higher during the first two months of fiscal year 2027. Total petroleum product sales reached 2.8 million tons in 2MFY27, representing a 10% YoY increase.
Excluding furnace oil (FO), OMCs sold 1.2 million tons of petroleum products in August. Ex-FO sales declined 9% YoY and 23% MoM, reflecting the impact of higher fuel prices on demand.
However, cumulative ex-FO sales remained positive during the first two months of FY27. Sales reached 2.7 million tons, up 7% YoY compared with the same period last year.
The latest figures show that rising petrol and diesel prices significantly affected fuel consumption in August. However, stronger demand during the earlier part of FY27 helped keep cumulative OMC sales above last year’s levels.
The performance of petroleum product sales will remain closely linked to fuel prices, transportation activity, and overall economic conditions in the coming months.
