Commodity Market Report
Estonia retail fuels long-term outlook
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Report summary
Estonia's downstream oil sector entirely relies on imports, mainly from Lithuania and Finland. The transport sector accounts for over half of all refined oil consumption in Estonia, dominated by the use of diesel in road transport. Historically, the country served as a major transit route for Russian fuel oil. However, in 2022, the Estonian government banned the import and transit of Russian oil products. The retail market is highly concentrated with only four leading companies sell more than 90% of all retail volumes.
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