KARACHI: Upliftment from local refineries grew 23.5 per cent year-on-year (YoY) in October of the current fiscal year, driven by higher offtake of motor spirit (MS), high-speed diesel (HSD) and furnace oil (FO) amid stronger domestic demand and reduced Iranian inflows.
According to the data, overall refinery production surged 58.3 per cent YoY to 924,000 tonnes in the month under review, led by increases of 69.3 per cent, 74.7 per cent, and 23.2 per cent in MS, HSD and FO output to 229,000, 481,000 and 183,000 tonnes, respectively. “This significant rise was largely due to a low base in the same period last year,” industry sources said.
The industry’s FO throughput declined to 20 per cent in October 2025, while MS and HSD throughput rose to 24.7 per cent and 52.1 per cent, respectively, compared to historical averages.
The sector operated at a utilisation rate of 54.1 per cent in the month under review, compared to 50.7 per cent in September 2025 and 34.2 per cent in October 2024, reflecting a low base effect.
During the first four months of the current fiscal year, HSD upliftment increased 13.1 per cent month-on-month (MoM) to 540,000 tonnes, supported by the onset of the Rabi sowing season.
FO sales rebounded sharply, rising 126.6 per cent MoM to 225,000 tonnes after previously being hit by the imposition of the Petroleum Development Levy (PDL). However, sales declined 21.0 per cent YoY to 610,000 tonnes in the first four months of the fiscal year, reflecting the impact of the Rs77 per litre PDL introduced in the FY26 budget.
Company-wise data showed that Attock Refinery Limited’s (ATRL) sales rebounded strongly, rising 13.3 per cent YoY to 147,000 tonnes in the month under review, despite earlier crude supply constraints caused by surplus RLNG in the system. HSD and FO offtake surged by 9.2 per cent and an impressive 127.2 per cent YoY, respectively, while MS volumes dipped 10.5 per cent YoY.
Pakistan Arab Refinery Company’s (Parco) upliftment saw significant improvement, supported by higher MS, HSD and FO offtake, up 73.4 per cent, 61.9 per cent and 52.4 per cent YoY, respectively.
Pakistan Refinery Limited’s (PRL) sales fell 7.5 per cent YoY to 138,000 tonnes in October 2025, driven by a 46.5 per cent YoY decline in FO offtake, while MS and HSD volumes increased 46 per cent and 4.8 per cent YoY, respectively.
Cnergyico Pakistan’s sales fell 25.8 per cent YoY to 120,000 tonnes in October 2025, reflecting lower MS, HSD and FO offtake, down 34.9 per cent, 44.3 per cent and 1.6 per cent YoY, respectively.
National Refinery Limited’s (NRL) sales improved notably, driven by higher MS, HSD and FO offtake, which rose 6.3 per cent, 23 per cent and 288.6 per cent YoY, respectively.
In October 2025, ATRL operated at a utilisation rate of 72.8 per cent. HSD throughput remained steady at 37.8 per cent, FO throughput dipped slightly to 20.0 per cent, while MS throughput increased to 38.2 per cent. During the month, PRL operated at a utilisation rate of 76.0 per cent. HSD and MS throughput increased to 50.8 per cent and 20.7 per cent, respectively, while FO throughput declined to 25.1 per cent compared to historical averages.
In October 2025, NRL operated at a utilisation rate of 40.8 per cent. HSD throughput increased to 70.5 per cent, while MS and FO throughput declined to 15.2 per cent and 13.3 per cent, respectively.
During the same period, Cnergyico operated at the lowest utilisation rate of 16.1 per cent. MS throughput increased to 17.2 per cent, while HSD and FO throughput declined to 43.7 per cent and 39.2 per cent, respectively.
