Karachi: Pakistan's oil marketing companies (OMCs) reported their highest petroleum offtakes in six months as fuel prices eased, according to a press release. The total industry petroleum offtakes for July 2026 reached 1.5 million tons, marking the highest level since January 2026.

According to AKD Securities Limited, the volumes for Motor Spirit (MS) and High-Speed Diesel (HSD) showed significant growth during the month, recording 729,000 tons and 624,000 tons, respectively. Pakistan State Oil (PSO) surpassed the industry average, demonstrating robust growth in both MS and HSD categories.

The report maintained a 'BUY' recommendation for PSO and Attock Petroleum Limited (APL), with target prices set for December 2026 at 900 Pakistani Rupees per share and 760 Pakistani Rupees per share, respectively.