Fuel investment not risk-free in flat market - BP

Tue, 24 Sep 2019

By Gavin Evans Sept. 25 (BusinessDesk) - Building new petrol stations in a flat market requires BP to target new population areas and is not without risk, the Commerce Commission heard yesterday. The sites the firm builds are “very expensive and very big” but remain at risk from changes in roading patterns, the pace of housing developments and competitor action, managing director Debi Boffa said. In a new area, adding a median barrier to a main road a new station is on could halve traffic, she said. Even when a new “A-plus” site is su...

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