Hascol Market Share: Sales Fall 10% in First Four Months of FY27

KARACHI: Hascol Petroleum continued to lose ground in Pakistan’s oil marketing sector as its sales volumes declined 10% during the first four months of FY27, reflecting mounting pressure on the company’s market position.

The company sold 154,000 tons of petroleum products between July and October 2026, compared with 171,000 tons in the corresponding period last year. Its average market share also fell to 2.7% from 3.2%, according to data compiled by AKD Securities from the Oil Companies Advisory Council (OCAC).

In October alone, Hascol’s sales volumes declined 5% year-on-year to 40,000 tons, reducing its market share to 2.6% from 2.8% a year earlier.

October Sales Show Monthly Recovery

Despite the annual decline, Hascol recorded a 17% month-on-month increase in sales during October. Volumes rose to 40,000 tons from 37,000 tons in September.

However, the improvement failed to reverse the broader downward trend, as the company’s sales remained below the level recorded in October 2025.

Service Global Footwear Profit: Earnings Fall 71% QoQ to Rs570 Million

Diesel and Petrol Sales Show Mixed Performance

Product-wise, Hascol sold 17,000 tons of high-speed diesel (HSD) in October, representing a 3% decline compared with the same month last year.

Motor gasoline (Mogas) sales remained unchanged at 23,000 tons, while sales of high-octane blending component (HOBC) plunged 84% to a negligible level.

The company’s HSD market share remained unchanged at 2.4% year-on-year. However, its Mogas market share slipped to 3.4% from 3.5%, contributing to the decline in its overall market share to 2.6% from 2.8%.

Pakistan’s Oil Marketing Sector Records Growth

Hascol’s weaker performance contrasted with the broader oil marketing industry’s expansion during October.

Total industry sales increased 4% year-on-year to 1.55 million tons, indicating stronger overall petroleum demand.

Pakistan State Oil (PSO) recorded a 14% increase in sales to 734,000 tons during the month, strengthening its position in the market.

The contrasting performance highlights Hascol’s continuing struggle to keep pace with industry growth, as its declining cumulative volumes and market share point to persistent competitive pressure.

The company’s ability to regain market share will depend on its sales recovery and its performance across key petroleum product categories in the coming months.