Higher diesel and furnace oil volumes supported growth, while refinery production also increased and overall capacity utilisation reached 59%.

Pakistan’s oil refineries recorded a 9.7% increase in total upliftment in October 2026, reaching 1.119 million tons compared with 1.019 million tons in the same month last year.

The increase was mainly supported by higher sales of high-speed diesel (HSD) and furnace oil (FO). On a monthly basis, refinery upliftment also increased by 3.2% compared with September, when volumes stood at 1.084 million tons.

Furnace oil recorded the strongest growth among major petroleum products, rising 31% year-on-year to 295,000 tons. High-speed diesel volumes increased 3% to 556,000 tons. However, motor spirit (petrol) upliftment declined 2.5% to 210,000 tons.

The growth was supported by higher crude oil production and imports, which helped refineries increase operations and supply more locally produced petroleum products to oil marketing companies.

Refinery Performance

Among individual companies, Cnergyico recorded the strongest growth in October. Its upliftment increased 94% year-on-year to 233,000 tons, supported by a sharp rise in diesel and petrol volumes.

National Refinery Limited recorded a 12.8% increase to 146,000 tons, while Pakistan Refinery Limited reported a 5.4% rise to the same level.

In contrast, Attock Refinery Limited recorded a 2.5% decline to 143,000 tons, mainly due to lower furnace oil sales. Pakistan Arab Refinery Limited also reported a 7% decline, with upliftment reaching 451,000 tons.

Four-Month Performance Also Shows Strong Growth

During the first four months of FY2026-27, total refinery upliftment reached 4.311 million tons, showing a 28.9% increase compared with the same period last year.

Furnace oil upliftment increased 63.1% to 995,000 tons, while petrol volumes rose 22.4% to 973,000 tons. High-speed diesel increased 18.4% to 2.121 million tons.

Meanwhile, total refinery production increased 9.2% year-on-year to 1.009 million tons in October.

Despite the increase in production, industry-wide capacity utilisation stood at 59%, slightly below September’s 59.5%. It was higher than the 54.1% recorded in October last year.

The latest figures show stronger activity across Pakistan’s refining sector, although performance continued to vary among individual refineries.