For the last three months, the lubricants oil retailers are observing new challenges with the barrel oils, which is the mono-grade oil market.
We know that the mono-grade oils hold the significant market share of the lubricants market. The agriculture-based economy, outdated public transport, and the industry standard keep roles for this mono-grade market.
The agricultural pump-sets, shallow machines, second-hand machinery, local transports, and the repair industry are the key users of this mono-grade oil.
Recently, just after the student’s strike on the road safety issues, against the backdrop of numerous incidents of deaths due to rash driving, the demand by the road safety campaigners has kept a significant role in the overall transport system.
The restriction on running unauthorized light vehicles on the main roads has impacted the overall transportation, as well as the lubricants market.
For the upcoming national election, the traders are not willing to take any risk now, which has impeded the overall market too.
However, many unscrupulous businessmen are involved in recycled barrel oil business causes the availability of the lower-standard barrel products.
Above all, most users are not aware of quality oils, still which are the key barrier for this market.
For the last three years, the number of local oil marketers has been increased dramatically. By nature, they are the floating businessmen who deal in this market beyond the value chain.
Most floating marketers are the barrel oil promoter especially works with mono-grade oil by their name. Most of them are involved in the lubricants oil business.