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About Us |
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Licenses, Registration & Membership:
· Certificate of incorporation dated 21st January 2004. · Oil Marketing Company license dated 4th July, 2005 granted by Oil and Gas Regulatory Authority. · Sales Tax Registration dated 25th July, 2005 ‐ Central Board of Revenue. · Storage License for storage facility for 1.7 Million Liters situated at 32 KM Lahore‐Multan road Sunder District ‐ Department of Explosives, Ministry of Industries & Production. · Certificate of registration of Copyright (ASKAR‐1)‐Central Copyright Office Government of Pakistan, Karachi. · Member of Oil Companies Advisory Committee. Storage Facilities:
· Sunder storage facility with capacity of 1.7 million liters situated at 32 km Lahore-Multan Road. · Storage facility under constructions at Machikie, Sheikhupura – Storage capacity 9,250 MT. · Storage facilities of oil marketing companies available under hospitality arrangements. |
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Askar Oil has shown considerable growth not only in terms of sales volume but also in terms of network locations across the country. The company has successfully installed 238 stations at various locations in all provinces of Pakistan. There are additional 600 stations under construction which will be completed by the end of this year. The total sales volume has crossed 107 KL in financial year 2008‐09 as compared to only 16 KL in financial year 2007‐08. It shows 565% growth in sales volume as compared to last year. The management expects this trend to continue and soon the company will reach the two digit milestone in terms of market share.
The company is in the process of putting up their own oil terminal at Machike,Sheikhupura with the storage capacity of 9,250 MT, and subsequently company is planning to go for their own refinery in Sindh area planning for which is already in the pipeline.
The company experienced negative growth in financial year 2007‐08 because of price differential in purchase and sales price. The government was filling this gap by providing subsidies. The time of reimbursement was locking up company’s recourses. Therefore company played very restrictive role in terms of sales to avoid any financial difficulties.
The major products sold during financial year 2008‐09 are High speed diesel and Motor Spirit which represent 77% and 16% of total sales volume respectively.
The company has decided to enter into Lubricant market by developing its own brand. The sale of lube products is expected to start in financial year 2009‐10. The company is also exploring the opportunities of sales of furnace oil to IPPs. |
