Lukoil Approves Program for Developing Non-Fuel Related Types of Business at Russian Fuel Stations
OREANDA-NEWS. LUKOIL Management Committee approved the Program of retail sales development of non-fuel-related goods and services of Russian marketing subdivisions up to 2014.
Among other things, the Program provides for an increase of the non-fuel-related products turnover by 4,8 times, which will expectedly make 9,4 billion roubles by 2014.
The share of non-fuel-related products and services in the operating income of the Company’s fuel stations will reach 12% by 2014.
From 2003, the volume of trade of non-fuel-related goods of LUKOIL fuel stations in Russia grew by more than two times and is estimated to exceed 2,5 billion roubles in 2006. Current share of profits on non-fuel-related goods sales is 5,5% of retail sales.
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