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Oil prices surge 13% MoM in Pakistan

By TT
April 1, 2026 1 Min Read
0

ISLAMABAD (April 1) – Amid the geopolitical tensions of the Israel-US conflict with Iran, oil sales volumes surge by 13 percent in March 2026 over February.

The sales volume of OMCs reached a total of 1.44 million tons, while the year-on-year (YoY) growth stood at 19 percent.

Pakistan has implemented urgent fuel austerity measures to reduce consumption. Key steps include a four-day workweek, closing schools for two weeks, reducing official fuel allowances by 50 percent and exploring.

According to Arif Habib data, Motor Spirit (MS) sales stood at 0.67m tons, showing a 8% MoM rise from Feburary and 16 percent YoY increase.

High-Speed Diesel (HSD) sales reached 0.62m tons, reflecting a 21% YoY growth and a 13% MoM increase.

Furnace Oil (FO) sales came in at 0.09 m tons, registering a 98 percent MoM increase and 62 percent YoY increased,

Pakistan State Oil (PSO) remained the market leader with total sales of 0.63m tons in March 2026, with MS and HSD offtake at 0.26m tons each.

Attock Petroleum Limited (APL) reported total sales of 0.11m tons. The company’s MS and HSD sales were 0.05m tons each.

Wafi Energy (WAFI) posted sales of 0.10m tons, with MS at 0.06mtons and HSD at 0.04m tons.

Hascol Petroleum Limited (HASCOL) achieved total sales of 0.05m tons, with MS dispatches of 0.02m tons and HSD at 0.02m tons.

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