Pakistan’s domestic crude oil production rose to a 26-month high in May 2026, reaching approximately 71,563 barrels per day, according to data cited by Topline Securities. The improvement was supported by higher natural gas production, reduced output restrictions and the start of production from newly developed fields, including Baragzai and Spinwam.
Because a significant portion of Pakistan’s crude oil is produced alongside natural gas, stronger gas offtake also helped increase associated oil output. However, higher domestic production does not automatically lead to cheaper petrol. Pakistan still relies heavily on imported crude oil and refined fuel, while international prices, exchange rates, taxes, petroleum levies, refining costs and distribution expenses remain major components of retail fuel prices. Pakistan’s dependence on imported energy also leaves domestic prices exposed to international supply disruptions.
