ISLAMABAD: The overall sale of petroleum products fell in April 2026 following an exorbitant hike in prices due to the US-Israel war against Iran, which has disrupted oil supplies in the Middle East.
The monthly sale of Oil Marketing Companies (OMCs) dropped by 6 percent in April as compared to the March sale, while a 7 percent drop was recorded in the sale of petroleum products on a year-on-year basis.
The petrol price was raised by 21 percent, moving from Rs311 to Rs375 per litre, and the price of high-speed diesel (HSD) went up by 26 percent, moving from Rs325 to Rs 410 per litre in April.
The Petroleum Development Levy (PDL) budgeted target is Rs1.47 trillion during the current fiscal year, of which an estimated Rs1.21 trillion or 82 percent has been collected in the first 10 months of FY26.
READ MORE: March OMCs’ sales volumes surge 13pc MoM
A 7 percent year-on-year (YoY) decline has been recorded in April 2026, with total offtake falling to 1.36 million tons (mt) from 1.46mt in April 2025. On a month-on-month (MoM) basis, volumes also dropped 6 percent from March’s 1.44mt.
The cumulative first ten months (July-April) fiscal year 2026salesvolumes reached 13.76mt, a 4 percent improvement over the same period last year.
Excluding Furnace Oil (FO), total April sales stood at 1.22mt, down 11 percent YoY and 10 percent MoM, while Ex-FO volumes for 10MFY26 totalled 13.23mt, reflecting a 5 percent YoY rise, according to Arif Habib Limited.
Pakistan State Oil (PSO) kept its market leadership with 0.59mt in April, even though volumes fell 5 percent YoY from 0.62mt in April 2025 and 6 percent MoM from March’s 0.63mt.
On a cumulative basis, PSO’s 10MFY26 volumes stood at 5.83mt, marginally down 1 percent from the previous year.
Attock Petroleum Limited (APL) was the only listed company to record a MoM volume increase of 5 percent, posting 0.12mt in April, down 6 percent YoY. The company’s ten-month cumulative performance stood at 1.13mt, down 2 percent compared to 10MFY25.
Wafi Energy (WAFI) posted flat YoY volumes of 0.10mt in April, slipping 3 percent on a MoMbasis. Cumulative 10MFY26 performance is 1.10mt, representing a strong 16% growth over the prior year, underpinned by sustained HSD gains.
HASCOL recorded 0.04mt in April, declining 26% YoY and 21% MoM. The company’s ten-month cumulative sales of 0.43mt were down 2% compared to 10MFY25, with weakness across MS, HSD, and other product categories.
Copyright Business Recorder, 2026
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