Karachi: Pakistan's Oil Marketing Companies (OMCs) reported a significant increase in sales for July 2026, marking a 23% year-over-year (YoY) and 20% month-over-month (MoM) rise, reaching a total of 1.5 million tons. This growth represents the highest YoY increase observed in the past 15 months.

According to JS Global, the YoY growth in sales can be attributed primarily to a reduction in fuel smuggling, bolstered by improved border controls, along with a resurgence in economic activity. When excluding Furnace Oil (FO), sales for the month reached 1.43 million tons, reflecting an 18% increase both YoY and MoM.

Petrol sales saw a 19% YoY increase, totaling 729,000 tons, while diesel sales rose by 23% YoY to 624,000 tons. In July 2026, the price of Motor Spirit (MS) grew by 17% YoY and 5% MoM, averaging approximately Rs315 per liter. High-Speed Diesel (HSD) prices averaged Rs343 per liter, which represents a 23% YoY and 10% MoM increase from Rs259 per liter.

Company-specific data shows that Attock Petroleum's (APL) sales increased by 28% YoY and 22% MoM to 127,000 tons, resulting in an 18 basis points rise in market share to 8.42%. Pakistan State Oil (PSO) experienced a 38% YoY and 33% MoM increase in sales to 702,000 tons, with its market share rising by 463 basis points to 46.52%, driven largely by an 802 basis points increase in its MS market share to 46.78%.

Wafi Energy (WAFI) recorded a 24% YoY and 12% MoM sales growth, reaching 131,000 tons. Conversely, HASCOL was the only company to witness a decline, with sales dropping by 6% YoY and 4% MoM to 42,000 tons.

Forecasts suggest that OMC sales for the fiscal year 2027 are expected to grow within the range of 8-10%.