Petrol BH Oil Company d.o.o. Sarajevo
The main activities of the company are wholesale and retailing of liquid and gas fuels and related products on the market of Bosnia and Herzegovina.
Activities of the company
The company's principal activity is selling petroleum products, merchandise and services in Bosnia and Herzegovina. In 2021, it sold 190.2 thousand tons of petroleum products and LPG, which was on a par with the previous year. In 2021, Petrol BH Oil Company d.o.o. Sarajevo generated EUR 140.3 million in sales revenue, down 21 percent from 2020. In Bosnia and Herzegovina, petroleum product prices were set freely in the market until 3 April 2021, when gross motor fuel margins were limited due to the pandemic (the maximum retail margin was EUR 0.128 per litre and the maximum wholesale margin was EUR 0.031 per litre). The margin cap is still ongoing. The Group generated EUR 129.6 million of sales revenue from the sale of petroleum products and LPG and EUR 10.7 million from the sale of merchandise and services. Its operating profit stood at EUR 3.2 million in 2021, a decrease of EUR 2.1 million from the previous year. The company's net profit for 2021 totalled EUR 3.5 million, a decrease of EUR 1.6 million from 2020. Petrol BH Oil Company d.o.o. Sarajevo operated 42 service stations at the end of 2021.
The company's equity totalled EUR 69.1 million as at 31 December 2021.