Pakistan State Oil Company Limited (PSO) reported a resilient performance for FY2026, highlighting strong core business growth and continued operational stability despite challenges to regional energy supply chains during the Strait of Hormuz crisis.
The company said it completed the financial year with zero fatalities and more than 48 million safe man hours, reflecting its focus on safety across its operations and supply network.
PSO reported a lost time injury rate of 0.07 and a total recordable incident rate of 0.07 during the year. The company said these safety indicators reflected coordinated efforts across its supply chain, terminals, retail network and workforce.
The performance came during a period when regional energy markets and transportation networks faced additional pressure because of disruptions and uncertainty surrounding the Strait of Hormuz.
Maintaining the movement of petroleum products under such circumstances required coordination among multiple stakeholders. PSO said its operations were supported through close cooperation with the Government of Pakistan, refineries, suppliers, carriers, dealers and financial institutions.
The company’s supply chain played a central role in maintaining continuity of fuel availability. Its terminals, transportation arrangements and retail network remained important components of the distribution system throughout FY2026.
PSO’s performance also highlights the importance of energy supply security for Pakistan, where petroleum products remain critical to transportation, industry, agriculture and other parts of the economy.
The Strait of Hormuz is a strategically important energy route, and developments affecting the waterway can create wider concerns for crude oil and petroleum product supplies, shipping costs and regional energy markets.
Against this backdrop, PSO’s ability to maintain operational continuity became a key feature of its FY2026 performance.
The company emphasized that the results were not based solely on its internal operations. Coordination between different participants in the petroleum supply chain helped support the movement and distribution of energy products during a challenging period.
Refineries, suppliers, carriers and dealers all form important links between petroleum imports and the final delivery of fuel to consumers and businesses.
PSO’s retail network also remained a major part of the company’s operating structure. The network enables petroleum products to reach customers across different parts of Pakistan and supports the country’s wider transportation system.
The company’s safety figures were another important element of its FY2026 performance. Recording zero fatalities and more than 48 million safe man hours reflects the scale of activity undertaken while maintaining workplace safety standards.
A lost time injury rate of 0.07 and total recordable incident rate of 0.07 further represented the company’s reported safety performance during the financial year.
The FY2026 results come as Pakistan’s energy sector continues to face challenges linked to international oil prices, foreign exchange movements, shipping conditions and regional geopolitical developments.
For major fuel suppliers, maintaining reliable logistics while managing these external pressures remains important for business continuity.
PSO’s reported performance therefore combines operational resilience with the continued expansion of its core business activities. The company’s supply chain infrastructure and relationships with industry partners remained central to its ability to operate during the year.
The company said its FY2026 performance demonstrated the contribution of its people, infrastructure and business partners in maintaining continuity during a period of heightened regional supply-chain pressure.
As Pakistan’s largest state-owned oil marketing company, PSO remains an important participant in the country’s petroleum distribution system. Its performance is closely watched because developments at the company can have wider implications for Pakistan’s fuel supply chain.
The FY2026 results underline the importance of supply-chain coordination, operational safety and business continuity as Pakistan navigates changing conditions in regional and international energy markets.
