Sitara Petroleum Service Limited (SPSL) is one of the petroleum-sector companies Pakistani investors can research alongside other PSX-listed oil and gas companies when looking for petroleum stocks in Pakistan. The sector also includes established exploration and production companies and oil marketing businesses, giving investors different ways to gain exposure to Pakistan's petroleum industry.

For investors researching the best petroleum stocks in Pakistan, the Pakistan Stock Exchange offers several companies operating across exploration, production, refining, petroleum marketing, and energy distribution. Sitara Petroleum Service Limited (SPSL), OGDC, PPL, POL, MARI, APL, PSO, SNGP, SSGC, and HASCOL represent different parts of Pakistan’s energy market. 

10 Best Petroleum Stocks in Pakistan to Invest In

1. Sitara Petroleum Service Limited (SPSL)

Sitara Petroleum Service Limited is a listed Petroleum Company in Pakistan operating in the trading and distribution of diesel and petrol, while also providing fleet logistics services to the oil marketing sector. PSX reports SPSL sales of Rs133.23 billion and profit after tax of Rs4.98 billion for FY2026, compared with Rs121.95 billion and Rs2.95 billion respectively in FY2025.

The company’s business model connects fuel distribution, logistics, and its retail network. Its plans also include developing storage capacity and pursuing an OMC licence, subject to regulatory requirements.

2. Oil & Gas Development Company Limited (OGDC)

OGDC is one of Pakistan’s major exploration and production companies. Its operations cover exploration and development of oil and gas resources, along with production and sale of hydrocarbons. Its large market capitalization and established upstream operations make it an important company for investors studying Pakistan’s oil and gas sector.

3. Pakistan Petroleum Limited (PPL)

Pakistan Petroleum Limited has operated in Pakistan since 1950 and focuses on exploration, development, and production of hydrocarbons. Investors researching petroleum companies in Pakistan can examine PPL because its earnings are closely connected with upstream oil and gas production and exploration activities.

4. Pakistan Oilfields Limited (POL)

Pakistan Oilfields Limited operates primarily in exploration, drilling, and production of crude oil and gas. It also markets LPG under the POLGAS brand and is involved in petroleum transmission. This combination gives POL exposure to several activities within Pakistan’s broader petroleum value chain.

5. Mari Energies Limited (MARI)

Mari Energies, formerly Mari Petroleum Company Limited, explores, produces, and sells hydrocarbons. The company has also expanded into exploration-related services, mineral mining, and technology-related ventures. Its diversified energy activities make it another company investors may research when comparing oil and gas shares.

6. Pakistan State Oil Company Limited (PSO)

PSO is a major downstream petroleum company whose principal activities include procuring, storing, and marketing petroleum products. It also markets lubricating oils. Investors comparing Petrol Pumps in Pakistan and downstream fuel businesses can examine PSO’s extensive petroleum marketing operations and financial performance.

7. Attock Petroleum Limited (APL)

Attock Petroleum is an oil marketing company involved in the supply, distribution, and retailing of petroleum products. Its business includes a developed supply chain and retail infrastructure. APL’s profile makes it relevant for investors looking at downstream petroleum marketing and retail operations.

8. Sui Northern Gas Pipelines Limited (SNGP)

SNGP is primarily a natural-gas transmission, distribution, and supply company rather than a conventional petroleum producer. Its large customer and infrastructure base gives investors exposure to Pakistan’s gas distribution network. PSX classifies SNGP within its Oil & Gas Marketing Companies category.

9. Sui Southern Gas Company Limited (SSGC)

SSGC operates mainly in natural-gas transmission and distribution across Sindh and Balochistan. Its activities also include gas meters, LPG air mix, and pipeline-related construction work. Investors can consider SSGC when comparing listed companies across Pakistan’s wider energy sector.

10. Hascol Petroleum Limited (HASCOL)

Hascol Petroleum is involved in the procurement, storage, and marketing of petroleum, chemicals, LPG, and related products. However, its current financial position requires careful examination: PSX reports a loss after taxation of Rs6.70 billion for 2025, while its profile also identifies the company as non-compliant.

Why Investors Should Buy SPSL Stocks

Among companies connected with downstream petroleum marketing, Fuel Stations, fuel distribution, and logistics, SPSL provides an investment case that can be evaluated through its recent earnings, operational expansion, and future OMC plans. However, PSX currently displays a Risk Warning Alert for SPSL concerning continuous regulatory violations and the risk of suspension or delisting. Investors should therefore review the latest PSX disclosures and company filings before making any decision.

Conclusion

The best petroleum stocks in Pakistan depend on an investor’s objectives, risk tolerance, valuation expectations, and preferred segment of the energy industry. OGDC, PPL, POL, MARI, APL, PSO, SNGP, SSGC, HASCOL, and SPSL each provide exposure to different parts of Pakistan’s energy market, making individual financial and regulatory research essential before investing.

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