Hungary’s MOL Group is aiming to develop a point of difference when it comes to the future of fuel retailing. Stephen Wynne-Jones spoke to its Executive Vice President, Consumer Services, Peter Ratatics. This article first appeared in ESM's November/December 2021 edition.
It was only a matter of time. As the global supply chain crisis continues to take hold, the effects are starting to spill over into one of the most valuable commodities: oil. With the price of crude coming in at $85 (€74) a barrel just before ESM went to press – its highest level since 2014 – consumers across Europe are starting to feel the effect at the petrol pumps.
For Hungarian fuel retailer MOL Group, which operates a network of nearly 2,000 service stations in Croatia, Slovakia, Bosnia, Czechia, Romania, Slovenia and its home market (as well as boasting a retail presence in Serbia and Montenegro), high fuel prices are not ideal as we head into the winter holiday period.