Pakistan, June 23 -- KARACHI - Pakistan's furnace oil (FO) exports soared 63% year-on-year, reaching 1.37 million tons during the first 11 months of the current fiscal year (11MFY25), making FO the top contributor to the country's overall petroleum export growth.

According to data from the Oil Companies Advisory Council (OCAC) and Arif Habib Limited (AHL), total petroleum exports-including FO, naphtha, and crude condensate-rose 37% year-on-year to 1.74 million tons, up from 1.27 million tons in the same period last year.

However, in May 2025 alone, petroleum exports declined 39% year-on-year to 164,000 tons compared to 268,000 tons in May 2024. Despite this drop, month-on-month exports surged 53% from April's 107,000 tons, mainly due to...