External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

<ul><li>Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.22mn tons in Jul 2025, up 2% YoY while down 22% MoM. Excluding Furnace Oil (FO) sales in Jul 2025 were 1.21mn tons, reflecting an 8% YoY rise while a 16% MoM fall.</li><li>The YoY growth is primarily driven by a gradual economic recovery and reduced smuggling from Iran. The sharp MoM decline is attributed to higher petrol and diesel prices and higher flooding/rains in northern region during Jul 2025.</li><li>Petrol prices rose by Rs13.72/litre, while diesel saw an increase of Rs21.76/litre, both driven by the uptick in international crude oil prices amid geopolitical tensions.</li></ul>

Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.22mn tons in Jul 2025, up 2% YoY while down 22% MoM. Excluding Furnace Oil (FO) sales in Jul 2025 were 1.21mn tons, reflecting an 8% YoY rise while a 16% MoM fall.The YoY growth is primarily driven by a gradual economic recovery and reduced smuggling from Iran. The sharp MoM decline is attributed to higher petrol and diesel prices and higher flooding/rains in northern region during Jul 2025.Petrol prices rose by Rs13.72/litre, while diesel saw an increase of Rs21.76/litre, both driven by the uptick in international crude oil prices amid geopolitical tensions.

Pakistan Oil Marketing - Ex-FO OMC Sales Up 8% YoY But Down 16% MoM In Jul 2025