Despite a record turnover of €12.9 billion in 2022, driven by rising fuel prices, the long-term outlook for petrol stations is bleak. As electric vehicles replace “traditional” cars, stations that rely solely on selling fuel will struggle to survive.
Business owners are trying to diversify their operations by increasing sales of food, beverages, maintenance services and car washes, but maintaining this independent business will not be easy in the long term, according to ING Research.
While major brands such as Shell, BP and TotalEnergies are expected to survive the crisis, smaller independent stations, including family-run ones, will suffer heavy losses.
Source: Ferra
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