Turkish industry addresses role and relevance of Autogas
During the 14th edition of Petroleum Istanbul, Turkey’s biggest exhibition for the fuel industry, experts analysed the strength of the Autogas market, among other topics. As the second biggest Autogas market in the world after South Korea, around 40% of the total vehicle fleet is equipped to run on this fuel.
The total volume of LPG in Turkey was 4.1 million tonnes in 2018. Of this figure, some 3.3 million tonnes were related to Autogas. Some 4.7 million cars are adapted to use LPG in the country. This also has a big impact society: half a million people are involved in some kind of way in the LPG business.
Economics explain the huge presence of LPG in Turkey’s market, according to Cem Önce, Secretary General of the Turkish LPG Association. The end customer price for LPG is far lower compared to traditional fuels. After an economic boom for Autogas in 2000 the market has enjoyed continuous growth until becoming the first segment in the LPG sector.
Conversion prices range from 1,000 to 1,500 dollars depending of the system used. “I expect that each year there will continue to be some growth. In 2018, the market grew by 5.3%. The ratio will probably slow down but there is room for growth,” commented Önce.
The presence of other alternative fuels in Turkey is still marginal. If you want to know more, please visit this link.
23 May 2019