PSO Leads Pakistan’s Oil Sector with 41% Market Share

Karachi, September 15, 2025 —

Pakistan State Oil (PSX: PSO) continues to dominate the country’s oil marketing sector, holding the largest volume share at 41% and operating the widest retail network with 26% of outlets, according to an industry overview by Mountain Ventures.

PSO also maintains leadership in premium fuels, capturing a 30% share in Hi-Octane and other premium categories. The company is spearheading the transition toward future energy solutions, having installed the highest number of EV charging stations as of mid-2024.

The broader oil marketing industry in Pakistan remains consolidated, with the top ten OMCs controlling 94% of total volumes and 74% of retail outlets. Out of 42 licensed operators, the sector collectively manages over 12,135 retail stations nationwide.

Other key players include Gas & Oil Pakistan Ltd (13%), Parco-Gunvor-Total (11%), Attock (9%), and Wafi-Shell (8%), while smaller firms such as Hascol, BE-Caltex, Taj, and Cnergyico continue to compete in niche segments.

Despite steady demand, the sector faces margin pressure as regulated dealer and OMC margins have not been revised for almost two years. Additionally, aggressive discounting, cross-dumping, and fuel smuggling continue to challenge smaller players with limited financial strength.

Overall, the data reflects an industry in consolidation mode, with PSO firmly positioned at the center of Pakistan’s evolving energy landscape.