France is a mature market in which overall oil demand is in slow but steady decline. Overall, there is a diesel/gasoil deficit in the domestic market relative to its local refinery product output, although it retains a gasoline surplus. Some restructuring of the refining sector has seen a reduction in overall refinery capacity in recent years, with Total's La Mede facility converted to a specialist biorefinery. In fuel retail, France remains one of the most competitive markets in Europe with the hypermarkets continuing to exert downward pressure on margins through its discount fuel offering. Domestic refiner Total has the largest network at over 3,500 sites, nearly double that of any other player. The majority of the other oil majors, however, have now exited the market. This has seen the entrance of independent dealer networks in the past five years, which leverage brand licencing agreements and the branded wholesale model.