Hungarian group MOL’s retail fuel sales in Romania, including LPG and lubricants, grew 17%, to 586,000 tons, mainly due to the company’s gas station network expansion.
Diesel fuel sales increased 15% last year, to 419,000 tons, while gasoline sales increased 18%, to 152,000 tons, the group said in a statement Wednesday.
In the fourth quarter, MOL’s sales in Romania grew 20% on the year by volume, to 53,000 tons, of which 110,000 tons of diesel fuel (+20%) and 39,000 tons of gasoline (+18%).
In February last year, MOL completed the acquisition of 42 gas stations from ENI Romania, part of Italian group Eni, reaching a network of more than 200 units on the local market. In 2016, the fuel retailer plans to add 11 more gas stations, of which three have already been open.
On a group level, MOL’s retail sales grew 11% in 2015. The group reported operating profit of $2.5 billion, 13% higher than in 2014, and a 7% increase in hydrocarbon output.
MOL is headquartered in Budapest and operates in more than 40 countries.