Petroleum wholesaling is dominated by four large oil companies that refine petroleum products locally, and also import fuel. The industry is expected to sell 3.5 billion litres of petroleum and 16.2 billion litres of diesel in 2012-13, generating revenue of $51.5 billion. Revenue is expected to rise by 12.1% for the year as fuel prices increase. Despite higher sales volumes, industry revenue is expected to fall by 0.3% per year over the five years through 2012-13 due to a fall in inflation-adjusted wholesale petroleum prices. This largely reflects the unusually high prices that prevailed in 2007-08, when global demand for oil and petroleum products surged.
Firms in this industry act as wholesalers of petroleum or petroleum products and may also retail liquefied petroleum gas (in bulk or containers), heating oil or other fuel oils. The major oil refiners all have petroleum wholesaling operations, but other firms also operate in the industry. Both locally refined and imported products are supplied.
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.