The number of gas stations in Spain has increased by 30% in 15 years, reaching 12,361, with 45% being independent. Low-cost stations account for 20% (2,400) of the total, offering fuel up to 20 cents per liter cheaper. A significant portion (1,799) are unattended, further reducing costs.
Several major low-cost chains have recently changed hands. Moeve acquired Ballenoil (323 stations), and Portobello and Tensile Capital bought Plenergy (291 stations). Eni also acquired 24 Astenoil stations. These acquisitions highlight the growing investor interest in this segment.
Large oil companies like Repsol, Cepsa (now Moeve), and BP coexist with low-cost competitors, attributing price differences to varying operational models. Established brands utilize discounts, loyalty programs, and partnerships to compete.
These operators, along with supermarket-owned stations, represent a significant shift in Spain's fuel retail market.
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