How will future fuel stations look? Who will run it?

Feb

14

2018

The gas stations have undergone a major development. After being confined to exclusive fuel stalls in the 1960s, they have now become retail stores and rest areas. After stations operated by a crew of staff, Automatic Pumping .

Over the years, fuel stations have undergone many shifts in line with consumers’ preferences and requirements, whether owned or operated by a specific brand or licensed or commercial franchise. The development of fuel stations was not limited to real estate transformation, Business models, introduction of new actors, inclusion of alternative profit opportunities, and promotion of services.

The proliferation and adoption of electric vehicles, coupled with increased integration of digitization and communication in vehicles and changes in alternative fuel options, have raised great interest in the future of fuel stations.

Will the need for gas stations be eliminated? Who will operate the future fuel stations and how will they form? These are just some of the outstanding questions that hesitate in our minds.

“The full transition from gasoline / diesel vehicles to electric vehicles takes about 35 years, based on the production capacity of the electric vehicles, the capital allocated to them, etc.” said SS Schachidar, Partner and Managing Director of Frost & Sullivan. , Although the 100% complete transition to electric vehicles is not possible. Therefore, it is possible to say that conventional fuel vehicles will remain on the road for the next three or four decades, and it is unlikely that the petrol / These thousand Rh “.

Property models and business models are expected to change radically and evolve from region-specific characteristics, including demographic shifts, vehicle ownership patterns, and regional technological developments.

The new business models are also expected to boost collaboration between retail fuel retailers, application developers, digital payment providers, supermarkets, grocery stores and fleet operators.

Since the price of fuel is unlikely to vary between brands, the differentiation will result exclusively from the nature and range of services provided, and this is where future fuel stations will experience significant development.

“The key advantage of future fuel stations is that they will be smart, network-connected vehicles, cloud-based vehicles, BOOT-operated terminals, dedicated service analyzes and upgrades, pre-defined refueling based on usage and location, And Internet terminals have some of the future trends in the retail fuel sector that oil companies and fuel retailers around the world must be prepared to adopt and adopt. ”

Although the future stations are evolving in a similar pattern, the transformation is expected to be significantly affected by the interaction between global fuel trends and other regional factors. This development is expected to vary from one economy to another in the Middle East and Africa.

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