Market Size of India Petrol Station Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Petrol Station Market Analysis
The Indian petrol station market is expected to register a CAGR of 5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Over the long term, factors such as increasing demand for petroleum products and the rising sale of passenger vehicles in India are expected to help the market grow during the forecast period.
- On the other note, the increasing cost of petrol & diesel fuels is anticipated to restrain the growth of the fuel station fuel market in the coming years.
- Nevertheless, converting the fuel stations in India to provide multiple fueling options such as petrol, diesel, and flex fuels, besides electric vehicle (EV) charging facilities, compressed natural gas is expected to offer vast opportunities in the future.
