The club was formed in 1991 as Polihraftekhnika Oleksandria. The establishment of the club was an attempt to return the big football to the city, since the times when the former city's other club, Shakhtar, participated in the Soviet Second League.
From 2001-03, PFC Oleksandria played in the Ukrainian Premier League under the name of Polihraftechnika Oleksandria, which is had since 1991. After the 2003 season the club's administration citing fiscal problems left the Professional Football League and was idle for one season.
The club renamed itself to Oleksandria in 2003 and reentered the Professional Football League in 2004 entered the Druha Liha Group B.
The club renamed itself to the current name PFC Oleksandria in 2006.