Global Petroleum and Diesel Retail Market was valued US$ xx Bn. in 2019 and the total revenue is expected to grow at 6.73% through 2019 to 2027, reaching US$ xx Bn.
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Global Petroleum and Diesel Retail Market Dynamics
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Petroleum and Diesel Retail Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Petroleum and diesel retail has based on the downstream part of the oil & gas business. The petroleum retail outlet is a setup that proposes a wide variety of items from raw petroleum.
The global market for petroleum and diesel retail is expected to grow significantly in the forecast period, thanks to the booming automobile industry all over the world. Most retail outlets over the world are monitored by countrywide oil organizations of their countries. The drivers with respect to public division units can be categorized into fiscal drivers, standards of security, environmental policies and regulations. On the other hand, instability in the costs of raw petroleum is hampering petroleum and diesel retail market opportunities to an extent.
Due to the Covid-19 pandemic, domestic demand for diesel, petrol, jet fuel and shipping fuel has dropped by over 10% in the first two weeks of March even though the worldwide market for oil remained favorable for Indian customers with sharp fall in both petroleum and crude product costs.
The MMR reports cover key developments in the petroleum and diesel retail market as organic and inorganic growth strategies. Various companies such as Royal Dutch Shell Plc., Reliance Industries Ltd, Saudi Aramco and others are involved in adopting sustainable strategies to gain competitive edges such as new product launch, product up-gradation and collaborative agreements.
The average price of diesel around the globe is US$ 0.89 per litre. Though, there is a substantial difference in these costs among economies. As a general rule, richer economies have higher costs while poorer economies and the countries that produce and export oil have significantly lower costs. One important exception is the US which is an economically advanced country but has low gas costs. The differences in costs across economies are owing to the several taxes and subsidies for diesel.
The report also offers a brief analysis of the major regions in the petroleum and diesel retail market, Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa. Asia-Pacific Petroleum and Diesel Retail Market was valued US$ xx Mn. in 2019 and is expected to reach a value of US$ xx Mn. by 2027, with a CAGR of 56% during 2019-2027. This is attributed to a growing population combined with the rising popularity of automotive in countries in APAC, Such as China and India are likely to propel the investments in the growth of existing and new retail shops.
The Indian government has plans to build new petroleum retail openings in Karnataka state which are projected to drive the demand for petroleum and diesel retail shops in the APAC.
Europe also plays important roles in the petroleum and diesel retail market, with a market of US$ xx Mn in 2018 and will be US$ xx Mn in 2026, with a CAGR of xx%. The U.K. petroleum and diesel market have over 200 establishments that are working with refining, production, distribution, and marketing activities of various products.
The objective of the report is to present a comprehensive analysis of the Global Petroleum and Diesel Retail Marketincluding all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Petroleum and Diesel Retail Marketdynamics, structure by analyzing the market segments and projects the Global Petroleum and Diesel Retail Marketsize. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Petroleum and Diesel Retail Market make the report investor’s guide.
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Global Petroleum and Diesel Retail Market, By Operator
Global Petroleum and Diesel Retail Market, By License Type
• Company owned and dealer operated
• Company owned company operated
• Dealer owned and dealer operated
Global Petroleum and Diesel Retail Market, By Product
Global Petroleum and Diesel Retail Market, by Region
• North America
• Asia Pacific
o South Korea
• South America
• Middle East and Africa
o GCC Countries
o South Africa
Key players operating in the Global Petroleum and Diesel Retail Market
• Royal Dutch Shell Plc.
• Saudi Aramco
• Reliance Industries Ltd.
• Exxon Mobil Corporation
• Halliburton Corporation
• Total SA
• British Petroleum Ltd
• Chevron Corp.
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