PSO profit jump 172% to Rs25.6bn in 1QFY27 despite supply disruptions
Pakistan State Oil Company Limited (PSO), one of Pakistan’s largest oil marketing companies (OMCs), reported a 172% year-on-year increase in profit after tax to Rs25.56 billion in the first quarter of fiscal year 2027 (FY27), compared to Rs9.39 billion in the same period last year, supported by higher sales volumes and an improved product mix. The oil marketing company’s petroleum sales rose…
PSO, Pakistan's largest oil marketing company, reported a substantial 172% increase in profit after tax to Rs25.56 billion in the first quarter of fiscal year 2027, despite facing supply disruptions. The company's petroleum sales rose by 17.8% year-on-year, outpacing the industry's 7.1% growth, and its market share expanded by 4.2 percentage points to 45.9%.
CEO Jawwad Ahmed Cheema highlighted PSO's growth as outpacing the market while ensuring fuel availability throughout the challenging period, emphasizing efforts to strengthen the supply chain, broaden sourcing options, and build resilience against external disruptions.
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