Petroleum & Diesel Retail Market: Snapshot
Retailing of petroleum products entails NOCs/merchants offering petroleum based items specifically to clients. The filling stations offering fuel fall under the retail market. Petroleum and diesel retail has a place in the downstream part of the oil and gas business. A petroleum retail outlet is a setup that offers an extensive variety of items from raw petroleum, for example, diesel and petroleum to end-users under a single roof. In a petroleum retail outlet, purchasers can get petroleum and diesel at one place using multi-product dispensers (MPDs).
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The petroleum & diesel retail market can be divided on the basis of license, operator, and product. On the basis of operator, the market is bifurcated into public and private. Based on license type, the market is segmented into company owned dealer operated (CODO), company owned company operated (COCO), and dealer owned dealer operated (DODO). On the basis of product, the global market is classified into diesel and petroleum.
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Petroleum & Diesel Retail Market: Drivers and Restraints
The market for petroleum and diesel retailing is driven by the flourishing automobile industry all over the globe which is driving the demand for energy fuels particularly, diesel and petroleum. In any case, instability in costs of raw petroleum is the major factor which based on which, the final retailing cost of diesel and petroleum is decided in any nation. The business of a retailer is influenced by government measures and activities, costs of raw petroleum w.r.t finished product, and the geographical factors. Most retail outlets over the globe are monitored by national oil organizations of their nations.