Wafi Energy Pakistan Limited has reported profit after tax of PKR1.523 billion for the half year ended June 30, 2026, compared with PKR1.260 billion during the same period last year.
The company said the result came amid disruption in global energy markets, volatility in operating costs and continued pressure across international supply routes. The half-year performance included a loss after tax of PKR641 million in the second quarter.
Despite the challenging market environment, Wafi Energy said it maintained reliable fuel and lubricant supplies for customers across Pakistan.
Wafi Energy expands Shell retail and EV network
During the first half of 2026, the company added 38 new Shell retail sites and 18 new Shell Select stores. It also established two EV Shell Recharge facilities and upgraded eight existing retail locations.
The expansion is intended to improve access to Shell fuels, lubricants and convenience services across the country.
Wafi Energy’s lubricants business also recorded growth across its consumer and industrial segments. The company attributed the performance to new product launches and continued engagement with customers and mechanics.
New fuel-storage facility supports supply security
Wafi Energy recently inaugurated a 7.4-million-litre motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa.
The new facility increases storage capacity and strengthens the company’s ability to hold and move fuel closer to areas of demand. According to Wafi Energy, the investment will support supply resilience in the region.
The company also plans to expand its Shell retail network across northern Pakistan as part of its broader investment in energy infrastructure and distribution capabilities.
CEO highlights disciplined investment
Commenting on the company’s performance, Wafi Energy Pakistan Chief Executive Officer Zubair Shaikh said the first half of the year had been demanding for the energy industry because of disruptions to global supply routes and continued cost volatility.
He said the company’s performance reflected disciplined investment, operational execution and a focus on supply security.
“Our aim has been simple: keep supply moving, provide customers with reliable fuels and lubricants, and keep investing in long-term value creation for shareholders and the country,” Shaikh said.
Wafi Energy’s role in Pakistan’s fuel market
Wafi Energy Pakistan is the licensee for Shell fuel and lubricants in Pakistan and is majority-owned by Wafi Energy Holding Limited.
In 2024, Wafi Holding acquired an 87.78 percent stake in Shell Pakistan Limited. The acquisition marked Wafi Holding’s entry into Pakistan’s energy market and created a platform for further investment in fuel retail and energy infrastructure.
The company operates a network of more than 700 Shell retail sites, countrywide oil-terminal facilities and a lubricants oil-blending plant. Its lubricant portfolio includes Shell Helix, Shell Rimula and Shell Advance.
Wafi Energy is also the largest private investor in the strategic White Oil Pipeline operated by Pak-Arab Pipeline Company. The company has maintained a presence in Pakistan’s energy sector since 1947 and said it remains focused on supporting the country’s evolving energy needs.
