The petroleum industry in Pakistan plays a vital role in fueling the country’s economy. With rising energy demands and evolving energy policies, several petroleum companies have emerged as key players in refining, marketing, and exploration. This guide outlines the top petroleum companies in Pakistan in 2025, their contributions, market positions, and recent developments.
Leading Petroleum Companies in Pakistan
1. Pakistan State Oil (PSO)
- Pakistan’s largest oil marketing company.
- Holds over 51% market share in fuel distribution.
- Operates 3,580+ retail outlets and the country’s largest storage network.
- Recently proposed converting its receivables into equity stakes in state-owned companies.
2. Oil & Gas Development Company Limited (OGDCL)
- The largest exploration and production (E&P) company in Pakistan.
- Majority government-owned, with shares traded on PSX and LSE.
- Operates more than 50 oil and gas fields across Pakistan.
- Actively acquiring new exploration blocks.
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3. Pakistan Petroleum Limited (PPL)
- Established in 1950, a pioneer in gas production.
- Among top three E&P firms with strong market capitalization.
- Operates Sui, one of the largest gas fields in South Asia.
4. Mari Petroleum Company Limited (MPCL)
- Known for high efficiency in gas and oil field development.
- Majority owned by Fauji Foundation and the Government of Pakistan.
- Operates in more than a dozen blocks across the country.
5. Pakistan Oilfields Limited (POL)
- Strong presence in upstream oil and gas sector.
- Focused on exploration in Punjab and Sindh.
- Known for technological partnerships and sustainable operations.
6. Attock Petroleum Limited (APL)
- Third-largest oil marketing company in Pakistan.
- Operates over 700 filling stations nationwide.
- Supplies aviation fuel and military-grade lubricants.
- Runs a joint fuel facility at Islamabad Airport.
7. Cnergyico
- Owns Pakistan’s largest privately operated refinery (156,000 barrels/day).
- Operates over 475 retail outlets, expanding toward 1,000+ after acquiring Puma Energy.
- Accounts for over 35% of the country’s refining capacity.
8. Byco Petroleum
- Operates Hub Refinery with a refining capacity of 120,000 barrels per day.
- Focused on energy diversification and fuel innovation.
- Rebranded under Cnergyico umbrella for integration and growth.
9. Hascol Petroleum
- Operates more than 400 fuel stations.
- Major importer of petroleum products.
- Focuses on lubricants, LPG, and fuel logistics.
- Recently undergoing corporate restructuring.
10. Total PARCO Pakistan Limited
- Joint venture of PARCO and formerly TotalEnergies.
- Operates around 800 filling stations.
- TotalEnergies has sold its stake to Gunvor Group for strategic realignment.
- Strong in logistics, premium fuels, and lubricants.
Market Overview and Energy Trends (2025)
- OMC Fuel Sales: A 10% year-on-year increase recorded in May 2025, driven by high diesel consumption.
- Energy Investments: PSO and Engro exploring cleaner fuels and LNG terminals.
- Exploration & Production: Upstream activity led by OGDCL and MPCL with promising gas discoveries.
- Privatization & Foreign Investment: Ongoing government efforts to attract foreign investment in refining and oil logistics.
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Comparison Table of Top Petroleum Companies in Pakistan 2025
| Company Name | Sector | Key Strengths | Market Role |
|---|---|---|---|
| Pakistan State Oil (PSO) | Marketing & Refining | Largest distribution network, aviation fuel, storage | Fuel retail & national supplier |
| OGDCL | Exploration & Prod. | Largest E&P, 50+ fields, government-backed | Oil & gas production |
| Pakistan Petroleum Limited | Exploration & Prod. | Sui gas field, long-standing operations | Gas exploration |
| Mari Petroleum (MPCL) | Exploration & Prod. | Efficient drilling, strong portfolio | Major E&P contributor |
| Pakistan Oilfields Ltd. (POL) | Exploration & Prod. | Extensive Punjab/Sindh projects | Upstream oil developer |
| Attock Petroleum Ltd. (APL) | Marketing | 700+ stations, aviation & military fuels | Fuel distribution |
| Cnergyico | Refining & Retail | Largest private refinery, expanding retail network | Integrated refining & marketing |
| Byco Petroleum | Refining | Hub refinery, now under Cnergyico | Domestic refining capacity |
| Hascol Petroleum | Marketing | Lubricants, LPG, international partners | Regional marketer & importer |
| Total PARCO Pakistan Ltd. | Marketing & Logistics | High-quality fuels, 800+ stations | Retail & logistics |
Conclusion
Pakistan’s petroleum sector in 2025 is dominated by a combination of state-owned giants and private energy leaders. From PSO’s expansive retail footprint to Cnergyico’s refining strength, these companies are crucial in maintaining national energy security, supporting industrial growth, and paving the way toward fuel diversification. With a focus on refining upgrades, foreign investment, and sustainable practices, the petroleum landscape in Pakistan continues to evolve rapidly. Stay updated with: Bloom Pakistan
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