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PRESS RELEASE
MaVen - May 2026 - The Slow Puncture
1 June 2026: Led by Partners, Zeeshan Tayyeb and Zain Jaffery,
Mountain Ventures has published the May 2026 edition of MaVen, its monthly intelligence report on Pakistan's downstream petroleum sector.
The edition confirms a record Hormuz windfall: listed downstream profit before tax of Rs 149.5 billion in the first quarter, exceeding the previous eight quarters combined. Yet May volumes fell through the floor, down twenty-two per cent on the year, as the year-to-date surplus closed to nil.
Two special features anchor the issue. The Map beneath The Map dissects Pakistan's retail network of roughly 12,000 outlets across forty companies, finding a market concentrated nationally but fragmented provincially. The Slow Puncture argues that gasoline demand growth halves over the coming decade, with the pressure falling first, and hardest, on the marketing companies.
The full edition is available now.