Pakistan did not import high-speed diesel (HSD) during July as domestic refineries produced more than 500,000 tonnes, enough to cover the country’s growing demand for the fuel.
The development comes as international import costs remained high, with elevated premiums making overseas purchases less attractive. Supply disruptions linked to the Middle East also added uncertainty to international fuel markets.
Demand for HSD showed strong growth during the month. Sales increased by 19% compared with July last year and were 25% higher than in June, indicating a significant rise in domestic consumption.
Pakistan continued to import petrol during the month, bringing in 345,361 tonnes. All of the imported petrol was 92 RON grade, while no 95 or 97 RON petrol was imported.
The difference between local diesel production and petrol imports reflects varying supply conditions across the petroleum market. While domestic refineries were able to meet HSD requirements, petrol demand continued to rely partly on international supplies.
Meanwhile, furnace oil exports remained limited during July. Shipments included high-sulphur, medium-sulphur and low-sulphur grades, but export activity remained subdued.
Despite the absence of HSD imports during July, a cargo arranged by Pakistan State Oil (PSO) is expected to reach the country in the coming days. The arrival will add to available diesel supplies as the market continues to respond to changing demand and international conditions.
The latest figures highlight the role of local refining capacity in meeting Pakistan’s fuel requirements and reducing the need for imports when domestic production is sufficient.
However, developments in global fuel prices, international supply disruptions and domestic consumption will continue to influence Pakistan’s petroleum import requirements in the months ahead.
