Commodity Market Report
Latvia downstream oil long-term outlook
Report summary
We expect oil demand in Latvia to gradually decline, driven by fuel efficiency gains. With no domestic refining capacity, oil demand is satisfied entirely by imports, sourced mostly from Finland and Lithuania. Although there is good access to independent storage and distribution infrastructure, the Latvian retail fuel market is dominated by three companies: Neste Oil, Circle K and Viada - which acquired LUKOIL's network in 2016.
Table of contents
- Market drivers
- Outlook
-
Regulatory issues
- Biofuels
- Electromobility
- Retail fuel volumes
- Retail network development
- Major players: competitive position
- Major players: strategy
- Circle K
- Neste
- Viada
- Olerex
- Independents
- Virsi-A
- Dinaz
- Others
- Non-fuels retailing
- Road transport fuels
- Key issues influencing retail fuel margins
- Oil product storage infrastructure
Tables and charts
This report includes 13 images and tables including:
- Overall demand
- Car parc by fuel type
- Retail gasoline 95RON E5 price formation 2021
- Retail diesel price formation 2021
- Main products: unit gross margins per year
- Biofuel blending
- Retail fuel volumes
- Network development and average site throughput
- Retail network size and market share by player (2022)
- Network effectiveness ratio: ratio of share of fuel sales to share of sites
- Commercial road transport fuel volumes
What's included
This report contains:
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