Pakistan State Oil (PSO), the nation’s leading energy company, has announced a robust performance for the first half of the fiscal year 2025 (1HFY25), demonstrating resilience amidst market volatility. PSO reported a net profit of PKR 11.2 billion and impressive gross sales of PKR 1.74 trillion. The company’s Board of Management reviewed these results in a meeting held on February 13, 2025, highlighting PSO’s continued commitment to delivering value and driving growth.
Despite a challenging market environment, PSO effectively navigated industry pressures, ensuring a seamless fuel supply across the country. The company maintained its dominant market position, capturing 47.1% of the white oil segment with sales of 3,610 KMT. PSO also solidified its presence in the diesel market, holding a 48.1% share with sales of 1,660 KMT, and achieved a 41.5% market share in the MoGas segment, selling 1,601 KMT. Notably, PSO continues to lead the jet fuel market with a remarkable 99.1% share, selling 326.8 KMT.
PSO achieved record-breaking LPG sales in 1HFY25, with a 10% increase compared to the same period last year. December 2024 saw the highest-ever monthly LPG sales, reaching 5.2 KMT, contributing to a total of 27.56 KMT in 1HFY25. This achievement underscores PSO’s focus on diversifying its product portfolio and meeting evolving market demands.
PSO continues to invest strategically in infrastructure to enhance its logistics and supply chain capabilities. Recent developments include the rehabilitation of lubricant tanks and the expansion of storage capacity for PMG and HSD fuels. These investments will strengthen PSO’s ability to serve its customers efficiently and reliably.
PSO is committed to providing exceptional customer experiences. The company expanded its retail network to 3,610 outlets nationwide and modernized 111 convenience stores. The launch of VIBE, PSO’s innovative convenience store concept, marks a new era in retail excellence. Furthermore, the expansion of Dispensing Unit Controllers (DUCs) enhances data management and network monitoring capabilities at retail sites.
PSO is also dedicated to operational excellence and sustainability. The partnership with Pakistan Railways to provide refueling services at key locations nationwide demonstrates PSO’s commitment to improving logistics efficiency and promoting environmentally friendly practices.
PSO actively contributes to social responsibility initiatives, donating PKR 130 million to various non-profit organizations supporting healthcare, education, youth development, and environmental sustainability.
While PSO has achieved strong results, the circular debt crisis remains a significant challenge, with receivables reaching PKR 467 billion. PSO is working closely with the government to address this issue and ensure the long-term financial health of the energy sector.
PSO remains focused on customer-centric innovation and strategic investments to drive sustainable growth and generate shareholder value. The company expresses gratitude to its stakeholders for their continued support and trust.
