Pakistan Lubricants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Description
Pakistan Lubricants Market Analysis
Pakistan Lubricants Market size in 2026 is estimated at 513.49 million liters, growing from 2025 value of 502.63 million liters with 2031 projections showing 571.62 million liters, growing at 2.16% CAGR over 2026-2031. Stable industrial recovery, infrastructure spending tied to the China-Pakistan Economic Corridor, and steady vehicle parc growth are anchoring demand. Heightened power generation activity, capacity additions in refining and blending, and a gradual shift toward synthetic grades are further supporting volume expansion. Strategic retail and blending investments by multinationals underline long-run confidence despite currency volatility and energy constraints. A surge in e-commerce-driven logistics, stricter equipment performance standards, and supportive tariff reforms are opening premium opportunities for early movers within the Pakistan lubricants market.
Pakistan Lubricants Market Trends and Insights
Steady Recovery in Industrial and Transportation Sectors Post-COVID-19
Manufacturing utilization has rebounded, spurring lubricant offtake in textiles, steel, and petrochemicals. Trucking mileage has normalized, lifting demand for heavy-duty engine oils across Pakistan's lubricants market routes. PSO reported 9.7% growth in lubricant sales for FY 2024, outpacing overall volume expansion, underscoring a resilient end-use demand. Freight operators are refreshing their fleets, which require higher-specification oils, while power plants running on furnace oil maintain a steady draw for turbine and generator lubricants. Together, these trends sustain baseline volume and tilt usage toward mid-tier synthetic blends across the Pakistan lubricants market.
CPEC-Linked Growth in Trucking and Logistics Corridors
The 3,000 km corridor from Gwadar to Kashgar is creating a dense network of logistics lanes. Extended-haul trucks require premium multigrade oils that can withstand higher thermal loads, which increases the value per liter sold. The construction of roads, ports, and special economic zones requires hydraulic fluids and gear oils for excavators and cranes deployed on site. Chinese contractors often specify global OEM-approved lubricants, positioning international suppliers with local blending ties to capture share. As cross-border freight costs rise, fleet operators favor extended drain formulations that reduce downtime, deepening synthetic penetration within the Pakistani lubricants market.
Base-Oil Import Dependency Impacting Cost Stability
Nearly all Group II and Group III feedstocks are imported, exposing blenders to currency swings and freight shocks. The National Tariff Policy 2025-30 maintains an 11% duty on base oils versus 20% on finished lubes, nudging firms to blend locally yet still leaving them vulnerable to volatile import bills. Exchange rate depreciation compresses margins for players unable to pass costs downstream. Inventory buffers become pricier, straining working capital and occasionally tightening supply, especially for premium synthetics within the Pakistan lubricants market.
Other drivers and restraints analyzed in the detailed report include:
- Industrialisation and New Power Projects Boosting Lube Consumption
- Increasing Shift Toward Synthetic Lubricants for Extended Drain Intervals
- High Prevalence of Counterfeit and Unorganised Brands
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Automotive engine oil retained a 41.02% share of the Pakistan lubricants market in 2025, reflecting a large and aging vehicle parc that follows traditional maintenance practices. Industrial engine oil, driven by power and manufacturing investments, is the fastest-growing segment, with a 2.29% CAGR through 2031. Transmission fluids and gear oils are benefiting from the increased deployment of heavier off-road machinery on CPEC projects, while hydraulic fluids are tracking the sales of construction equipment. Brake fluids and greases, although smaller in volume, are gaining relevance as vehicle safety standards become increasingly stringent. Specialty grades such as turbine oil and transformer oil serve critical power assets, with OEM approvals driving premium pricing. Premium synthetics now permeate multiple product lines, elevating average selling prices in the Pakistan lubricants market.
The rising adoption of synthetic products is reshaping product mix dynamics. OEM drain-interval guidance is lengthening, and fleet operators prefer multigrade full synthetics for diesel engines that travel high mileages on the Karachi–Lahore corridor. Industrial buyers are migrating to anti-wear hydraulic oils that extend component life under intermittent power outage conditions. Process oils, used in rubber and plastic goods, correlate with localized consumer manufacturing. Metalworking fluids are seeing incremental demand from steel mill overhauls and export-oriented light engineering clusters, broadening product diversity within the Pakistani lubricants market.the production of
The Pakistan Lubricants Market Report is Segmented by Product Type (Automotive Engine Oil, Industrial Engine Oil, Transmission Fluids, Gear Oil, Brake Fluids, Hydraulic Fluids, Greases, and More), End-User Industry (Automotive, Marine, Aerospace, Heavy Equipment, and Industrial), and Base Stock Type (Mineral Oil-Based, Synthetic, Semi-Synthetic, and Bio-Based). The Market Forecasts are Provided in Terms of Volume (Litres).
List of Companies Covered in this Report:
- Attock Petroleum Ltd
- BP p.l.c.
- Chevron Pakistan Lubricants
- China Petrochemical Corporation
- Cnergyico Pk Limited
- Exxon Mobil Corporation
- FUCHS
- Gulf Oil International Limited
- Hi-Tech Lubricants Limited
- Pakistan Lubricants (Pvt.) Ltd
- Pakistan State Oil
- PARCO Gunvor Limited (PGL)
- PETRONAS Lubricants International
- Saudi Arabian Oil co.
- Shell plc
- SK Enmove Ltd.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
- 1 Introduction
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
- 2 Research Methodology
- 3 Executive Summary
- 4 Market Landscape
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.2.1 Steady recovery in industrial and transportation sectors post-COVID-19
- 4.2.2 CPEC-linked growth in trucking and logistics corridors
- 4.2.3 Industrialisation and new power projects boosting lube consumption
- 4.2.4 Increasing shift toward synthetic lubricants for extended drain intervals
- 4.2.5 Government incentives for local blending and packaging plants
- 4.3 Market Restraints
- 4.3.1 Base-oil import dependency impacting cost stability
- 4.3.2 High prevalence of counterfeit and unorganised brands
- 4.3.3 Energy shortages and inflationary pressure curbing industrial output
- 4.4 Value Chain Analysis
- 4.5 Regulatory Framework
- 4.6 End-User Trends
- 4.6.1 Automotive Industry
- 4.6.2 Manufacturing Industry
- 4.7 Porter’s Five Forces
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Buyers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes
- 4.7.5 Degree of Competition
- 5 Market Size and Growth Forecasts (Volume)
- 5.1 By Product Type
- 5.1.1 Automotive Engine Oil
- 5.1.2 Industrial Engine Oil
- 5.1.3 Transmission Fluids
- 5.1.4 Gear Oil
- 5.1.5 Brake Fluids
- 5.1.6 Hydraulic Fluids
- 5.1.7 Greases
- 5.1.8 Process Oil (Including Rubber Process Oil and White Oil)
- 5.1.9 Metalworking Fluids
- 5.1.10 Turbine Oil
- 5.1.11 Transformer Oil
- 5.1.12 Other Product Types
- 5.2 By End-user Industry
- 5.2.1 Automotive
- 5.2.1.1 Passenger Vehicles
- 5.2.1.2 Commercial Vehicles
- 5.2.1.3 Two-Wheelers
- 5.2.2 Marine
- 5.2.3 Aerospace
- 5.2.4 Heavy Equipment
- 5.2.4.1 Construction
- 5.2.4.2 Mining
- 5.2.4.3 Agriculture
- 5.2.5 Industrial
- 5.2.5.1 Power Generation
- 5.2.5.2 Metallurgy and Metalworking
- 5.2.5.3 Textiles
- 5.2.5.4 Oil and Gas
- 5.2.5.5 Other End-Use Industries
- 5.3 By Base Stock Type
- 5.3.1 Mineral Oil-Based Lubricants
- 5.3.2 Synthetic Lubricants
- 5.3.3 Semi-Synthetic Lubricants
- 5.3.4 Bio-Based Lubricants
- 6 Competitive Landscape
- 6.1 Market Concentration
- 6.2 Strategic Moves
- 6.3 Market Share (%)/Ranking Analysis
- 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
- 6.4.1 Attock Petroleum Ltd
- 6.4.2 BP p.l.c.
- 6.4.3 Chevron Pakistan Lubricants
- 6.4.4 China Petrochemical Corporation
- 6.4.5 Cnergyico Pk Limited
- 6.4.6 Exxon Mobil Corporation
- 6.4.7 FUCHS
- 6.4.8 Gulf Oil International Limited
- 6.4.9 Hi-Tech Lubricants Limited
- 6.4.10 Pakistan Lubricants (Pvt.) Ltd
- 6.4.11 Pakistan State Oil
- 6.4.12 PARCO Gunvor Limited (PGL)
- 6.4.13 PETRONAS Lubricants International
- 6.4.14 Saudi Arabian Oil co.
- 6.4.15 Shell plc
- 6.4.16 SK Enmove Ltd.
- 7 Market Opportunities and Future Outlook
- 7.1 White-space and Unmet-Need Assessment
- 8 Key Strategic Questions for CEOs
Pricing
Currency Rates
