Fuel retailers have suffered through significant revenue volatility over the past five years. Following the global financial crisis, the world price of crude oil fell by 36.3% in 2008-09. This contributed to a reduction in retail petrol prices in the following years and adversely affected industry revenue in 2009-10 and 2010-11. Revenue recovered in 2011-12 as petrol prices soared, only to fall again in 2012-13. The recent oil price plunge is expected to flow on to a reduction in pump prices for consumers in 2014-15. As fuel is a largely inelastic good, this will significantly erode revenue for industry operators, with revenue anticipated to decline by 7.8% this year.
Firms in the industry sell automotive fuel or lubricating oils at the retail level, typically at a service station. Participants also retail convenience store goods and provide services such as car washing as a supplement to fuel sales.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.