Qyresearch the singapore fuel card revenue will increases to 2064 million usd in 2016 from 1602 mill

QYResearch: The Singapore Fuel Card revenue will increases to 2064 Million USD in 2016 from 1602 Million USD in 2011 www.qyresearchglobal.com

QYResearch Fuel Card is used as a payment card most commonly for gasoline, diesel, and other fuels at gas stations. Fuel cards or gas cards, can help consumers’ business realize significant fuel savings and used to pay for vehicle maintenance and expenses.

Currently, there are mainly four oil companies issuing fuel cards in the Singapore. The main market players

are ExxonMobil, Shell, SPC and Caltex. According to QYResearch, The Cumulative Sales of Fuel Card is about

1535K Units in 2015. In fuel cards market, the Singapore revenue will increases to 2064 Million USD in 2016 from 1602 Million USD in 2011.

Fuel Card used by Moving Services, Packing Services, Postal and Courier Services, Logistics Services,

Taxi Booking and Support Services, Freight Transport and Private Cars. Report data showed that 56.29% of the Fuel Card market demand in Private Cars, 10.49% in Freight Transport, and 8.27% in Taxi Booking and Support Services in 2015.

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QYResearch There are two kinds’ productions constituting

the Fuel Card, which are Active Cards and NonActive Cards. Active Cards is important in the Fuel Card, with a Cumulative Sales market share nearly 71.01% in 2015.

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QYResearch Briefly speaking, in the next few years, Fuel Card industry will still be a relative steady industry. Sales of Fuel Card have brought a lot of opportunities, there will more companies enter into this industry.

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