Plenoil gasolineras

Plenoil expands in Galicia and will add 35 more “low-cost” gas stations by 2023

Fifteen of them will be installed in the province of Pontevedra. The company expects to close 2021 with five new service stations: two in Vigo and the rest in Mos, A Coruña and Ourense.

Distribution of stations

The low-cost fuel company closed 2020 with a turnover of 125 million euros, a figure it intends to more than double for the current financial year to 320 million euros. Plenoil closed last year with a gross operating profit (ebitda) of 6 million euros, which is expected to rise to 10 million euros in this year’s accounts. If the business plan is achieved, the company’s revenues would reach 550 million euros by 2022.

Arrival of low-cost companies

The low-cost gas station segment has abruptly burst onto the market with a proposal based on lower fuel prices than traditional service stations: “the average price is between 10 and 15 cents cheaper,” says Plenoil’s CEO.