Forecourt Trader - 30 years at the heart of the fuel retailing community

Fuel retailers must invest in new technology to reduce queues at the pump

14 April, 2011

Motorists will face increasingly long queues at petrol stations unless fuel retailers install new payment technologies such as pay-at-pump systems, according to a new report by Datamonitor.

 

Alex Jeater, a retail analyst at Datamonitor, and author of the report 'Payment Behavior and Technologies in European Service Station Retail', said: “While pay-at-pump technology is not new, fuel retailers should continue to roll it out across their networks. It undoubtedly has the ability to cut the time spent at the pumps, and will help each site serve more cars. Some fuel retailers could also look to take the technology one step further and invest in completely unmanned sites – a common sight already in Scandinavia.”

 

The report also reveals that although pay at the pump facilities are only suitable for card payments, more people are opting to pay for their fuel on debit and credit cards rather than cash. For example, in the UK, credit and debit card payments account for more than half of all fuel purchases – a proportion that Datamonitor expects to increase. Therefore, according to Jeater, offering the ability to pay at the pump in more locations will prove popular with motorists.

 





  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 16 July 2018
RegionDieselLPGSuper ULUL
East132.28138.28128.84
East Midlands131.51137.79128.38
London132.19140.03129.03
North East131.0166.90139.39127.19
North West131.27138.06127.27
Northern Ireland130.41135.23127.81
Scotland131.76134.98127.78
South East132.4263.90139.59129.27
South West131.8461.90138.00128.87
Wales131.5258.80136.75128.29
West Midlands131.10138.93128.01
Yorkshire & Humber130.82138.87127.63

Most read

Are you hopeful the government inquiry highlighting the malign impact of unregulated hand car washing will significantly reduce the number of cowboy operators?

Calendar

See all events