fuel

# Fuel — Icelandic Fuel Market **Requires:** Tier 0 (core). ## Companies | Retailer | Kennitala | Parent | Parent kt | Stations | |----------|-----------|--------|-----------|----------| | N1 ehf. | `4110033370` | Festi hf. | `5402062010` | ~100 | | Olís ehf. | `5002693249` | Hagar hf. | `6702032120` | ~65 | | Orkan IS ehf. | `6803190730` | Styrkás/SKEL | `6309212010` | ~75 | | Atlantsolía ehf. | `5906023610` | Private | — | ~30 | **Use parent kennitalas for consolidated financials** — fuel is a segment within diversified conglomerates. Skeljungur ehf. (`6309212010`) is the wholesale fuel company under Styrkás — separate from Orkan retail but same ownership. ## Data Sources ### Gasvaktin — Daily retail prices - **Repo:** github.com/gasvaktin/gasvaktin - **Location:** `data/raw/gasvaktin/vaktin/trends.json` - Company codes: `n1`=N1, `ol`=Olís, `or`=Orkan, `ox`=Orkan X, `ao`=Atlantsolía, `co`=Costco, `dn`=Dælan, `ob`=ÓB, `sk`=Skeljungur - Data since April 2016, ~weekly observations per company ### Processing ```bash uv run python scripts/fuel.py ``` Outputs: - `data/processed/fuel_prices_daily.csv` — all observations - `data/processed/fuel_market_daily.csv` — market averages (major 4 retailers) - `data/processed/fuel_prices_monthly.csv` — monthly by company - `data/processed/fuel_price_spread.csv` — price spread between retailers ### Annual reports (skatturinn.is) ```bash uv run python scripts/skatturinn.py download 5402062010 --year 2024 # Festi (N1 parent) uv run python scripts/skatturinn.py download 6702032120 --year 2024 # Hagar (Olís parent) uv run python scripts/skatturinn.py download 6309212010 --year 2024 # Skeljungur (Orkan wholesale) ``` **Note:** Festi has two reports per year (parent + consolidated). The download script picks typeid=1 first. For segment data, you may need the consolidated report (typeid=2). ### Hagar fiscal year Hagar uses Feb-Jan fiscal year (e.g., "2024" = Feb 2023 – Jan 2024). ### Other data sources - **IEA End-Use Prices** — cross-country fuel price comparison with tax breakdown - **Samkeppniseftirlitið** — competition authority reports (2015 fuel market study, 2024 Festi fine) - **Crude oil prices** — Brent ICE for margin computation ## Key Facts - Festi fined 750M ISK in 2024 for violating 2018 N1 merger conditions - N1 owns 60% of Olíudreifing ehf. (fuel distribution) — board must be independent per competition authority - Hagar preparing to sell Olís stake in Olíudreifing and EAK (Keflavík airport fuel) - Typical N1 premium over Atlantsolía: 5-13 ISK/L - Skeljungur EBITDA/margin: 43.2% (2024) ## Caveats 1. **Conglomerate financials** — Festi and Hagar report consolidated; fuel is one segment. Segment data in note "Starfsþáttayfirlit". 2. **Skeljungur ≠ Orkan retail** — Skeljungur is wholesale/enterprise fuel; Orkan IS is retail. Same ownership (Styrkás) but separate entities. 3. **Gasvaktin coverage** — Not every station reports every day. Data may have gaps. 4. **Discount vs list prices** — Some companies offer discount (self-service) vs full-service pricing.