Karachi: Sales for Oil Marketing Companies (OMCs) have decreased for the second month in a row, with a notable year-on-year drop of 23% in May 2026, totaling 1.17 million tons. The figures show a decline across key products, with Motor Spirit (MS) volumes down by 14% and Hi-Speed Diesel (HSD) by 32% compared to the previous year.

According to JS Global, the cumulative sales volume for OMCs still managed a modest growth of 1% over the 11-month fiscal period of 2026. Pakistan State Oil (PSO), a major player in the market, saw its market share for MS fall to 39%, a decrease of 2 percentage points from the previous year. Similarly, its share for HSD dropped to 43.5%, down by 2.4 percentage points. Despite this, PSO experienced a recovery of 1 percentage point in market share for both MS and HSD during the months of April and May 2026.

The Petroleum Development Levy (PDL) collection for the same 11-month period is estimated at approximately Rs1.4 trillion. The government is projected to surpass its PDL target of Rs1.46 trillion for the fiscal year 2026, assuming no changes in the current PDL rates and stable month-on-month sales volumes in June 2026.