Hascol Petroleum Limited is engaged in the purchase, storage and sale of petroleum products such as Fuel Oil, High Speed Diesel, Gasoline, Jet A-1, LPG and Lubricants.
The company was incorporated in 2001 under the 1984 companies ordinance, primarily to take advantage of the petroleum sector deregulation and undertake a programme for owning, leasing and renting oil storage facilities as well as importing petroleum products for its own account.
In February 2005 Hascol was granted an oil marketing license by the Government of Pakistan and since then, Hascol has been engaged in developing a retail network under Hascol brand and have commissioned over 360 retail outlets in the four provinces of Pakistan and Jammu and Kashmir.
Hascol Petroleum Limited has extensive links with the domestic and international oil trading companies and today is the second largest importer of Petroleum Products after PSO.
Hascol also markets LPG. At present 15 Automax LPG Stations across Pakistan are in various stages of approvals with the government of Pakistan.
Hascol has become a member of the highly esteemed listed companies of Pakistan Stock Exchange and its share price has appreciated considerably since the listing in 2014, keeping in pace with the phenomenal growth of the company. This massive growth has been made possible due to the strategic vision of the Board and excellent execution by Senior Management. Hascol has made major headway in constructing storage facilities at Keamari, Daulatpur , Shikarpur , Mehmood Kot ,Machike and Amangarh. New storage facilities are planned for Sahiwal, Kotlajam and Thalian.
In 2016 Vitol, the largest independent oil trading entity in the world, has taken 15% equity in Hascol with an option to take 10% more by February 2017.
A new joint venture company, Hascol Terminals Limited, has also been set up with Vitol and it is planned to have 200,000Tons of storage at Port Qasim.
At Hascol, we are continuously investing in our future and in 2017 we will start construction of a Lube Oil Blending Plant to make Fuchs branded lubricants and greases in Pakistan.
Hascol has also received a credit rating of ‘A+/A-1(Single A Plus/A-One) from JCR-VIS Credit Company Limited.