Karachi: The oil marketing sector recorded a 6% year-on-year increase in offtakes during December 2025, marking a total of 1.35 million tons. This growth comes despite a 5% month-on-month decline attributed to base normalization post-harvest season and reduced diesel offtakes, according to a press release from AKD Securities Limited.
Pakistan State Oil (PSO), a major player in the market, reported a decrease in its total offtakes by 7% compared to the previous year, reaching approximately 535,000 tons in December 2025. The company's market share for the month was 39.6%, while its share for the first half of fiscal year 2026 corrected to 42.2%, down from 46.0% during the same period last year.
Industry experts at AKD Securities Limited anticipate a 5% year-on-year growth in sector sales for fiscal year 2026. This growth is expected to be driven by a recovery in commercial and industrial activities, supported by stable fuel prices, which have decreased by PKR 10.3 per liter for motor spirit and PKR 8.6 per liter for high-speed diesel as of January 2026.
The fluctuations in market share and offtake volumes underscore the complexities faced by the oil marketing sector, as it navigates through varying seasonal demands and price adjustments.