In this way, we aim to stay abreast of changes in the ways that customers use mobility services as they increasingly move away from ownership towards shared vehicles and devices. Our investment in Greencar, a leading company in the local car-sharing sector, has enabled us to provide car-sharing services from our gas stations.
We have also invested in Cardoc, an online and mobile platform start-up to grow our customer base for auto maintenance services by expanding the service scope to overall vehicle maintenance that includes engine oil exchanges, premium car washes, and consumables exchange. We invested in OWiN, a company that specializes in connected car technologies using Bluetooth, to proactively respond to the rapid growth of the connected car market that includes self-driving vehicles. Learn about Caltex Singapores high quality products and services ranging from Techron Fuels to Lubricants, petrol stations and Caltex Cards. We aim to unearth new service opportunities through continued partnerships with, and strategic investments in mobility-based start-up companies. The third place is a close fight between PT, Shell and Caltex, with their market shares veering between 12% and 13%.GS Caltex stations evolve as platforms for diverse start-ups Categories Gas Station, Alternative Fuel Station, Diesel Fuel Supplier, Fuel Supplier, Oil Change Service. State-owned PTT Plc is the long-time leader with a 40% market share, followed by Esso and Bangchak at 15% each. 11 reviews Cnr West &, 1st St, Linden, Randburg, South Africa +27 .za suggest an edit. Last year, Caltex reported sales of 500 million litres, a 5% growth from a year before. Mr Boonyarit said 60% of its petrol stations had been renovated in the past two years.Ĭaltex expects its retail oil sales volume to grow 6% this year, ahead of 4-5% market average estimated by energy policymakers. The company also plans to revamp and modernise 20 existing stations, at 2 million baht each. This year Caltex plans to have 30 more new stations, at 20 million baht each excluding land price, and all to be run under the RORO model. But we have to keep looking for ways to improve our business," said Mr Boonyarit.
"We have to admit the investors who run their petrol stations are doing a good job, and as they are local people, they know what their clients need.
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But the risks for investor-owned stations are safety standards and oil quality. Find the best petrol stations near you by sharing your location or by entering an address, city, state or zip code. But this model requires huge capital for expansion, whereas the RORO scheme enables them to increase their station network much quicker.
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Most major oil companies use both models even though the CORO model allows the oil company full control of the business. Mr Boonyarit said the local petrol station business has been getting tougher over the past decade, forcing all players to keep adapting their strategies. Only 3-4% of its total of 375 stations are owned and operated Caltex itself, under the company-owned, retailer-operated scheme, or CORO, a retailing business expert said.Ĭaltex has allocated 640 million baht to build new petrol stations and renovate existing ones once the study is finalised. With the second model, the station and its entire assets are owned by the retailer, an investor who buys the oil from a certain oil company, uses its brand and participates in its marketing campaigns.Ĭurrently almost all of Caltex petrol stations are owned and run by investors under the retailer-owned, retailer-operated, or RORO, model. Under the first model, the oil company operates the petrol station and owns the assets. While you’re there, pick up coffee and snacks, and check out other special offers. Generally, the oil retail business is operated on two models. Drive to a Valero store for quality gasoline with pay-at-the-pump convenience. THANARAK KHUNTONĬaltex Thailand Co is conducting a feasibility study to find a better oil retail business model amid fierce market competition, says Boonyarit Srionkong, manager for policy and public affairs. The Caltex Caf has become a favorite stopover for travellers, locals and casual visitors alike. RORO or CORO? Caltex is doing a feasibility study to find a better retail oil business model to help it cope with the intense market competition. The Caltex NZ App lets you sort fuel payments from the comfort of your car and grab special daily discounts and rewards.
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