Repsol, BP p.l.c. and Cepsa Dominated the Spain Fuel Cards Market for Commercial Fleet in 2021

Spain Fuel Cards Market for Commercial Fleet is expected to grow 5.8% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Spain fuel cards market for commercial fleet is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Spain fuel cards market for commercial fleet are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In March 2022, Cepsa announced the plans to invest between EUR 7 billion and EUR 8 billion in Spain and Portugal by 2030 as part of its energy transition strategy. The company announced that it would allocate more than 60% of this investment to sustainable businesses from next year. This will help the company to reinforce its presence in the region and grow in the market.

Repsol is the dominating player in Spain fuel cards market for commercial fleet. The other key players existing in the market are BP p.l.c., DKV EURO SERVICE GmbH + Co. KG, MORGAN FUELS, W.A.G. payment solutions. a.s., WEX Europe Services, UNION TANK Eckstein GmbH & Co KG (A Subsidiary of Edenred company), Cepsa, Galp Energia (A Subsidiary of Galp), IDS Europe B.V., C2A, Andamur, AS 24 (A Subsidiary of TotalEnergies company) and others.

Repsol

Repsol was founded in the year 1987and headquartered in Madrid, Spain. The company provides multi-energy solutions including wholesale gas supply & sale, refining, and mobility among others. The company operates in business segments including exploration and production (upstream/E & P), industrial, commercial and renewables in which commercial and renewables is market focused segment. The company has several product categories which are asphalts, aviation, specialized products, lubricants, chemicals, oil & gas trading, service stations and cards, gas (LPG), diesels and heating oils, electricity and natural gas, solar energy in which service stations and cards is market focused category.

For instance,

  • In April 2022, Repsol announced the offering of discount to the price of fuel in Spain that go beyond the rebates mandated by the Spanish government in order to help consumers shoulder the rising cost of energy. Repsol began offering a discount of 10 European cents a liter for Spanish customers that used its app in mid-March before Spain passed a package of measures to counter high energy prices and other economic effects caused by the war in Ukraine.

The company has presence across Americas, Europe and Asia-Pacific. The company has subsidiaries such as Repsol Petróleo, S.A. (Spain), Repsol Overzee Finance, B.V. (Netherlands), Repsol YPF Gas, S.A. (Argentina), Repsol Gas Portugal, S.A. (Portugal), Repsol Comercializadora de Gas, S.A (Spain) among others

BP p.l.c.

BP p.l.c. was founded in the year 1908 and headquartered in London, U.K. The company is engaged in fuel specialization, aviation supply and technical, operational, risk management, sustainable & engineering solutions. The company has business segments including gas & low carbon energy, oil production and operations, customers & products, rosneft, other businesses and corporate in which customers & products is the market focused segment. The company has several product categories including products and services, motor oil for cars, for your vehicle, for your home, for your business, security sheets, bp solutions for fleets in which bp solutions for fleets is the market focused category.

For instance,

  • In October 2021, BP p.l.c. had tested its new application with Wren Kitchens and Mercedes-Benz for truck fuel payment. This new solution will help the company to diversify its product portfolio towards Truck App portal which helps to add new customers to its portfolio and also strengthens the partnership or the collaboration with truck manufacturing companies

The company has wide presence across North America, South America, Asia-Pacific, Middle East and Africa, and Europe. The company has subsidiaries such as BP Europa SE (Germany), BP Exploration (Alpha) (INDIA), BP Capital Markets (U.K.), Atlantic Richfield Company (U.S.), Rosneft Oil Company (Russia) among others.

Cepsa

Cepsa was founded in the year 1929 and is headquartered in Madrid, Spain. The company offers integrated energy and diversified solutions across the entire oil, chemical and gas value chain. The company has product categories which are cards, cepsa fuels, gasoils, butane and propane, asphalts, lubricants, petrol stations, aviation, electricity in which cards is market focused category.

For instance,

  • In January 2021, Cepsa announced the donation of fuel cards worth EUR 1,000 to the Campo de Gibraltar Food Bank to buy fuel for the vehicles the organization uses to carry out its charity work in Spain. This donation from Cepsa was part of the campaign to collect food organized on 22 November and 23 December by the Spanish Food Banks. This enhanced the company’s presence in the region.

The company has wide presence across Americas, Asia-Pacific, Middle East and Africa, and Europe.