OMC sales rise 13% MoM in March 2026

April 02, 2026 (MLN): Oil Marketing Companies (OMCs) in Pakistan posted a 13% month-on-month (MoM) recovery in March 2026, with total offtake climbing to 1.44 million tons (mt) from February's 1.28mt.

On a year-on-year (YoY) basis, volumes surged 19% compared to 1.22mt in March 2025, according to Arif Habib Limited.

The March performance signals a broad-based upturn across the downstream oil sector, with cumulative nine-month fiscal year 2026 (9MFY26) volumes reaching 12.4mt, a 5% improvement over the same period last year.

The sharp month-on-month rebound follows escalating tensions in the Middle East, which have disrupted crude oil shipments through the Strait of Hormuz.

In response, Pakistani authorities have implemented urgent fuel conservation measures to control consumption as supply chains tighten. This situation has introduced significant uncertainty into the country’s downstream oil sector, despite overall volumes remaining robust.

Product-wise Performance

High Speed Diesel (HSD) emerged as a key driver of growth, recording 0.59mt in March, representing a sharp 21% YoY surge from 0.49mt in March 2025.

The product also posted a solid 13% MoM increase from February's 0.52mt. Cumulative 9MFY26 HSD volumes stood at 5.35mt, up 7% YoY.

Motor Spirit (MS) also delivered strong results with 0.67mt in March, up 16% YoY from 0.58mt and 8% MoM from February's 0.62mt. Half-year cumulative MS volumes for 9MFY26 reached 5.80mt, growing 5% over the prior year period.

Furnace Oil (FO) posted a dramatic month-on-month recovery, with 0.09mt sold in March, up 98% MoM from February's depressed base of 0.04mt and 62% higher YoY.

However, on a cumulative basis, FO volumes for 9MFY26 stood at 0.39mt, down 23% compared to 9MFY25, reflecting the continued structural decline in furnace oil demand.

Company-wise Breakdown

Pakistan State Oil (PSO) maintained its market leadership position with 0.63mt in March, reflecting a strong 23% YoY increase from 0.51mt in March 2025 and 17% MoM growth from February's 0.54mt.

On a cumulative basis, PSO's 9MFY26 volumes stood at 5.24mt, broadly flat compared to 5.26mt in the prior year period.

Attock Petroleum Limited (APL) recorded volumes of 0.11mt in March, up 8% YoY and 12% MoM. The company's nine-month cumulative performance stood at 1.01mt, marginally down 2% compared to 9MFY25's 1.03mt.

Wafi Energy (WAFI) posted 0.10mt in sales for March, growing a notable 17% YoY from 0.09mt in March 2025, though volumes slipped 5% MoM from November's 0.11mt.

The company's cumulative 9MFY26 volumes of 1.00mt represented a strong 18% growth compared to the previous year, driven in part by HSD, which surged 36% YoY on a nine-month basis.

HASCOL recorded 0.05mt in March, up 1% MoM from February's 0.04mt, though volumes declined 9% YoY. The company's nine-month cumulative sales of 0.39mt were down a modest 3% compared to 9MFY25, as HSD gains of 14% YoY partially offset weakness in MS volumes.

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