By the addition of these new fuel service stations, Petropar will have 140 fuel service stations under its banner
Petropar plans to approve approximately 80 new fuel service stations, by the end of this year registering a total of 140 fuel service stations, bearing the Petropar symbol. Presently, there are about 60 fuel service stations.
Once the entity completes the planned service stations, they will have 13% of the market in the fuel segment.
They expect to register a 33 million liters per month, through this percentage of participation in the fuel market, since the sale of the monthly fuel derivative in the country is about 250 million liters.
Bolivian state-owned fuel company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has awarded the purchase of up to 4,000 tons of Liquefied Petroleum Gas (LPG) to Petropar.
Petropar will receive about 8,000 tons with this expected volume which it will begin selling at G. 5,000 a kilo. The sale of the LPG business will bring good economic results to the state company. Petropar will invest approximately US $ 1.8 million for each ton if the purchase cost is US $ 470.
"It is planned to enable more fuel sales points, especially in the interior of the country, so that people have the opportunity to buy the product at a more convenient price," said the president of Petropar. Source: Lanacion PWKD13072017
Latest from PWKD
- England UK: WEX & WeForest Eco Miles Partnership
- Canada: 7-Eleven & Expresco Foods ProSticks Distribution Partnership
- Paraguay: Petropar & Prestigio Group Cooperation Agreement
- USA: True Zero Hydrogen Station Network Expansion With $26.6M State Grants
- Ghana: Vivo Energy Marks Shell Customer Contact Day