Gas Stations: Business Upwards

According to businessmen of the sector, the constant growth of the vehicle fleet explains the investments that have been made in the opening of new service stations in El Salvador.

Tuesday, March 12, 2019

At the beginning of 2019, there were 455 service stations in operation in the Salvadoran market, according to data from the Hydrocarbons and Mines Directorate of the Ministry of Economy. Of the total number of gas stations, 38% correspond to the brand Texaco, 21% to Puma Energy, 20% to UNO, 10% to Bandera Blanca, 7% to Alba and 3% to DLC.

See "Auto Brands in Central America: Figures at the end of 2018"

Jorge Cervantes, of the Association of Businessmen Distributors in Service Stations (Adepetro), explained to Elsalvador.com that "... the annual growth of the vehicle fleet in our country is what has driven the increase in fuel consumption, and therefore, that oil companies invest more in infrastructure."

Cervantes added that "... Daily, El Salvador registers between 400 and 500 vehicles. The insecurity that drives people to seek resources, whether through loans or remittances to move from collective transport to vehicles or motorcycles, should not be lost sight of. And service stations respond to demand and that's why new investments continue to be made."

You may be interested in "Automotive business in Central America"

Regarding the investments projected by the companies, Texaco executives reported that for this year expect to open between 6 and 8 gas stations to be in San Salvador, San Juan Opico, La Libertad, Santa Ana and San Miguel. In the case of Puma Energy has plans to open about five points of sale during this year.

The retail sale of fuels in the country reflects the growth of the sector, since it registered a 3.7% increase in the last two years, going from 396,463 million in 2017 to 411,145 million in 2018.

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