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Industry revenue of »retail sale of automotive fuel in specialised stores« in Czechia 2011-2023

Revenues from the retail sale of automotive fuel in specialised stores are forecast to decline from 6.3 billion U.S. dollars in 2012 to 2.8 billion U.S. dollars by 2023. One the main reasons is the rising prices of fuels such as petrol, diesel and gasoline in the country. Between January 2016 and September 2018, the average price of premium unleaded petrol has increased nearly 48 percent whilst that of diesel has risen 46 percent during the same period. This has led to an increasing number of consumers opting for alternatives such as the E85 bio-fuel, as its price is nearly 500 crowns cheaper as compared to regular petrol prices.

Moreover, electric cars and in particular, hybrid cars are gaining rapid popularity in the country, owing to their low fuel consumption and high reliability. Sales of hybrid cars amounted to 8,346 units in 2019, a 73 percent year-over-year growth, according to intellinews.com. Electric vehicles sales grew three percent to 636 units. The highest number of hybrid cars was sold by Toyota, followed by Audi and Mercedes-Benz.

Industry revenue of »retail sale of automotive fuel in specialised stores« in Czechia from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Czechia. The industry “retail sale of automotive fuel in specialised stores“ has the code “G473“.

Details on the methodology can be found here.

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