Pakistan's Petroleum Exports Surge 37% YoY to 1.742 Million Tons in FY2024-25

Pakistan's petroleum exports have seen a remarkable growth of 37% year-on-year during the first 11 months of FY2024-25, reaching 1.742 million tons compared to 1.274 million tons in the same period last year. The surge in furnace oil (FO) exports has been the primary driver of this growth, increasing by 63% to 1.368 million tons, making it the leading contributor to the overall increase in petroleum product exports.

Key Takeaways:

Pakistan's petroleum exports rose 37% year-on-year to 1.742 million tons in 11MFY25, driven primarily by a 63% increase in furnace oil (FO) exports to 1.368 million tons.
Despite annual growth, petroleum exports in May 2025 declined by 39% year-on-year to 164,000 tons, down from 268,000 tons in May 2024.
FO exports in May 2025 totaled 147,000 tons, reflecting a 20% drop compared to May 2024 but a 51% rise from April 2025.
Naphtha exports in May 2025 fell 13% year-on-year to 17,000 tons, though they nearly doubled from April's 9,000 tons.
Crude condensate exports declined by 29% year-on-year to 230,000 tons, down from 322,000 tons in 11MFY25.
Pakistan's sustained growth in FO exports has played a central role in boosting its petroleum export performance during the fiscal year.

Statistics:

Petroleum exports in 11MFY25: 1.742 million tons
FO exports in 11MFY25: 1.368 million tons (63% increase year-on-year)
Year-on-year decline in petroleum exports in May 2025: 39%
FO exports in May 2025: 147,000 tons (20% drop year-on-year)
Naphtha exports in May 2025: 17,000 tons (13% year-on-year decline)
Crude condensate exports in 11MFY25: 230,000 tons (29% decline year-on-year)
Breakdown of 11MFY25 petroleum exports:

+ Naphtha: 145,000 tons (26% increase year-on-year)

+ FO (HSFO + LSFO): 1,368,000 tons (63% increase year-on-year)

+ Crude Condensate: 230,000 tons (29% decline year-on-year)

Sources:

Oil Companies Advisory Council (OCAC)
Arif Habib Limited (AHL)