OMC sales plunge 14% MoM in May 2026

June 02, 2026 (MLN):  Oil Marketing Companies (OMCs) posted a 23% year-on-year (YoY) decline in May 2026, with total offtake falling to 1.17 million tons (mt) from 1.53mt in May 2025.

On a month-on-month (MoM) basis, volumes also slipped 14% from April's 1.36mt, according to data compiled by Arif Habib Limited.

The contraction was driven by elevated Motor Spirit (MS) and High Speed Diesel (HSD) prices, compounded by slower economic activity during the Eid holiday period.

The sharp drop in Furnace Oil (FO) volumes was attributed to a higher RLNG and hydel mix in the energy supply stack.

Despite the monthly setback, cumulative eleven-month fiscal year 2026 (11MFY26) volumes reached 14.93mt, a 1% improvement over the same period last year.

Product-wise Performance

Motor Spirit (MS) recorded 0.62mt in May, down 12% YoY from 0.70mt in May 2025 and flat MoM from April's 0.61mt. Cumulative 11MFY26 MS volumes stood at 7.03mt, up 2% over the prior year period.

High Speed Diesel (HSD) volumes came in at 0.45mt in May, declining 32% YoY from 0.67mt and 17% MoM from April's 0.55mt. On a cumulative basis, 11MFY26 HSD volumes reached 6.35mt, up 1% YoY.

Furnace Oil (FO) volumes collapsed to 0.03mt in May, down 64% YoY from 0.08mt in May 2025 and 79% MoM from April's 0.14mt. On a cumulative basis, 11MFY26 FO volumes of 0.56mt remained 17% below the prior year period.

(volumes in million tons)

Company-wise Breakdown

Pakistan State Oil (PSO) retained its market leadership with 0.52mt in May, though volumes fell 19% YoY from 0.64mt in May 2025 and 12% MoM from April's 0.59mt. On a cumulative basis, PSO's 11MFY26 volumes stood at 6.35mt, down 3% from the prior year.

Attock Petroleum Limited (APL) posted 0.10mt in May, down 30% YoY from 0.14mt and 19% MoM from April's 0.12mt. The company's eleven-month cumulative performance stood at 1.23mt, down 5% compared to 11MFY25.

Wafi Energy (WAFI) recorded 0.10mt in May, down 16% YoY from 0.12mt but up 3% MoM from April's 0.10mt. WAFI's cumulative 11MFY26 performance of 1.20mt represented a strong 12% growth over the prior year, underpinned by sustained HSD gains.

HASCOL recorded 0.03mt in May, declining 37% YoY and 5% MoM. The company's eleven-month cumulative sales of 0.46mt were down 9% compared to 11MFY25.

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