PSO profit jumps 172% to Rs 25.56 billion in Q1 FY27 as market share hits 45.9%

Pakistan State Oil (PSO) made a profit after tax of Rs 25.56 billion in July to September 2026, the first quarter of FY27, up 172% from Rs 9.39 billion a year earlier. Earnings per share rose to Rs 54.44 from Rs 20.00, the company said in a statement on Thursday 29 October, Business Recorder reported.

Counting its refinery subsidiary, Pakistan Refinery Limited (PRL), PSO's consolidated profit attributable to the company was Rs 29.42 billion, or Rs 62.66 a share.

PSO Q1 FY27 results in numbers

Why the profit more than doubled

PSO put it down to higher sales volumes and a better product mix. Its petroleum sales grew 17.8% while the whole industry grew 7.1%, so the state-owned marketer took a bigger slice of the market: 45.9%, 4.2 percentage points more than a year ago. Diesel is the clearest sign. PSO sold 12.8% more high-speed diesel even though national diesel demand shrank, according to the company.

Chief executive Jawwad Ahmed Cheema said PSO grew at more than twice the market's pace while keeping fuel available during a period of serious regional supply disruption, a reference to the war around the Strait of Hormuz that has squeezed Gulf cargoes.

How PSO kept supply going

During the quarter PSO imported 16 cargoes of petroleum products, 756,000 tonnes in all, and lifted 1.019 million tonnes of petrol and diesel from local refineries, ProPakistani reported. It also manages Pakistan's long-term LNG supply portfolio, which it said it kept running for the power and gas sectors while a supplier was under force majeure.

After the quarter ended, PSO signed a government-to-government sale and purchase agreement with Oman's OQ Trading, adding another source of fuel for Pakistan.

The company added 37 petrol pumps in the quarter, taking its network to 3,727 sites, and now has electric vehicle chargers at 16 locations.

What it means for you

For drivers, nothing changes at the pump: petrol and diesel prices are set by the government every fortnight, not by PSO. Today's PSO ex-depot Karachi prices, read from PSO's own price page, are on our petrol price and diesel price pages, and you can work out what a month of driving costs with the fuel cost calculator.

For shareholders, the result lands as the KSE-100 trades near record levels. The statement did not mention a dividend for the quarter.