Karachi: Sales volumes for Oil Marketing Companies (OMCs) in August 2026 fell by 3% year-on-year, amounting to 1.26 million tons, while overall sales for the first two months of the fiscal year 2027 rose by 10% year-on-year. According to JS Global, the decline in August was primarily driven by a 1% decrease in Motor Spirit (MS) volumes and a 19% drop in Hi-Speed Diesel (HSD) volumes.

Pakistan State Oil (PSO) reported a significant increase in its market share during the first two months of fiscal year 2027. PSO's market share rose to 46.7% in MS, an 8 percentage point jump year-on-year, and to 46.9% in HSD, a rise of 5 percentage points. This performance was achieved despite industry-wide declines, as PSO's MS sales increased by 18% year-on-year in August, while HSD sales saw a 10% decline. The company's relative success is attributed to supply and cash flow constraints linked to global energy crises and government claims, coupled with limited inventory gains under a new daily pricing mechanism.

Projections suggest the government may encounter an 8% shortfall in its Petroleum Development Levy (PDL) collection target of Rs1.677 trillion, based on the recent monthly run rate for PDL collection.