Islamabad May 3 2025: Pakistan’s petroleum product sales witnessed a significant year-on-year (YoY) recovery in April 2025, climbing 32% to 1.46 million tons from 1.10 million tons in April 2024, according to data released by OCAC.
This recovery is largely attributed to a surge in demand for Furnace Oil (FO), High-Speed Diesel (HSD), and Motor Gasoline (MOGAS). On a month-on-month (MoM) basis, total sales were also up 20% from 1.22 million tons in March 2025.
High Speed Diesel (HSD) led the YoY recovery with a 33% spike in April volumes, reaching 0.622 million tons, up from 0.469 million tons in the same month last year. MOGAS volumes rose 25% to 0.66 million tons, while Furnace Oil (FO) sales stood at 0.084 million tons, a 180% increase YoY.
Among oil marketing companies (OMCs), PSO maintained market dominance with total sales of 0.624 million tons, representing a 12% YoY increase. This included 0.274 million tons of MOGAS and 0.294 million tons of HSD. PSO’s FO sales grew modestly to 0.05 million tons, while JP (jet fuel) surged 58% to 0.054 million tons.
APL recorded a robust YoY growth of 25%, with total April sales of 0.126 million tons, including 0.055 million tons of MOGAS and 0.049 million tons of HSD. FO volumes jumped 177% YoY to 0.017 million tons, driven by increased power sector demand.
Smaller players also showed strong performance. HASCOL saw a 76% increase in total sales, reaching 0.048 million tons, with both HSD and MOGAS sales rising significantly. WAFI Energy posted a 22% YoY rise to 0.100 million tons, while Cnergyico sales surged 54% to 0.063 million tons, led by a sharp increase in HSD and HOBC.
For the first ten months of FY25, cumulative industry sales stood at 13.22 million tons, showing a slight 6% drop compared to 12.44 million tons in the same period of FY24. Despite April’s recovery, the broader trend reflects pressure from macroeconomic challenges, high prices, and declining industrial fuel use.
