Hascol Petroleum

Hascol Petroleum Limited – Fueling Pakistan’s Energy Needs

Hascol Petroleum Limited is a prominent Oil Marketing Company (OMC) in Pakistan, engaged in the import, storage, distribution, and marketing of petroleum products. Established in 2001 and operational since 2005, Hascol has built a robust network of 600+ retail fuel stations across the country.

Core Business Model

Hascol operates on an integrated downstream energy model, which includes:

• Fuel Import & Procurement: Imports refined petroleum products through strategic partnerships (notably with Vitol Group, one of the world's largest energy traders).
• Storage Infrastructure: Owns and operates bulk storage terminals and depots across Pakistan, ensuring nationwide fuel availability.
• Retail Distribution: Supplies petrol, diesel, lubricants, and Jet A‑1 fuel through a wide network of company-owned and dealer-operated fuel stations.
• Lubricants Division: Sole distributor of FUCHS lubricants (Germany), with its own blending plant at Port Qasim for localized production and packaging.
• Diversification into LPG: Expanding into LPG AutoMax stations to serve a growing alternative fuel market.

Key Strengths

• Global Strategic Alliance: Vitol’s shareholding boosts supply chain reliability and infrastructure development.
• Comprehensive Fuel Offerings: Includes motor fuels, aviation fuels, lubricants, and LPG.
• Own Infrastructure: Manages critical supply chain elements via owned depots and terminals.
• High-Quality Lubricants: Offers premium-grade engine oils under FUCHS license.
• Nationwide Presence: Retail stations in all provinces and key urban/rural markets.

Challenges & Recovery

Hascol experienced rapid growth until 2018 but later faced financial setbacks due to foreign exchange losses, accounting issues, and liabilities. In recent years, it has initiated revival and restructuring efforts to regain market strength, stabilize operations, and restore investor confidence.

Future Outlook

With ongoing infrastructure expansion, product diversification, and corporate reforms, Hascol aims to emerge as a modern, transparent, and fully integrated energy solutions provider in Pakistan’s competitive OMC sector.