Knez Petrol

What Knez Petrol does

Knez Petrol is a privately held Serbian petroleum company headquartered in Belgrade, founded in 2004 by Srđan Knežević. It operates an integrated downstream fuel business spanning 110+ owned and operated retail petrol stations across Serbia, a wholesale distribution arm serving over 20,000 clients (including 350 private gas stations, ~100 industrial facilities such as bakeries and mills, and agricultural farms), and a 110-truck Euro 5 ADR-certified fleet that handles both internal logistics and third-party transport, including an exclusive 4,500 tons/month LPG contract with state-owned NIS. The company operates two warehouses (Krnješevci near Belgrade and Ponikve near Užice), a vehicle service workshop, and has expanded internationally via a Banja Luka subsidiary in Bosnia and Herzegovina alongside adjacent agricultural subsidiaries (Knez Agrar, Knez Agrar Vet).

The product portfolio covers the full petroleum derivatives range: standard fuels (E-BMB 95, E-BMB 98, E-BMB 100, Euro Diesel, Auto Gas/LPG), the proprietary XEnergy premium additive fuel line (XEnergy Diesel, XEnergy BMB), alternative fuels (CNG methane launched at Kruševac 1 in 2023), and a full range of branded lubricants, antifreeze, brake fluids, and tractor oils. Technical differentiation rests on the XEnergy additive formulation (engine cleaning, cetane improvement, emission reduction), CNG dispensing infrastructure, and a digitally metered, GPS-tracked Euro 5 fleet certified for dangerous goods transport. ISO 9001, 14001, and 45001 certifications cover quality, environmental, and occupational safety management.

Revenue is generated primarily through transactional fuel sales across the retail network, wholesale fuel distribution margins, LPG transport and distribution fees (notably the NIS exclusive), and ancillary services (vehicle maintenance, lubricants, car wash, convenience shop, café). Customer segments split between individual retail motorists served through Premium-branded 24/7 stations, B2B wholesale fuel buyers with flexible payment terms, agricultural farms served via a dedicated loyalty card, and industrial LPG consumers. Pricing is transaction-based in RSD with loyalty discounts (10 RSD/liter via Informer newspaper coupons, preferential diesel rates for farmer cardholders) and wholesale tiers (204 RSD/L advance vs. 205 RSD/L deferred for extra-light gas oil). The company is recognized as the only domestic private leader in Serbia's oil and petroleum products market, with awards including Best of Serbia 2017, Best Manager & Best Company of the Decade 2019, and Top 100 in Serbia.

Name

Knez Petrol

Legal name

Knez Petrol doo

Website

https://knezpetrol.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Knez Petrol is a privately held Serbian petroleum company operating 110+ retail stations, a wholesale distribution business serving 20,000+ clients, and a 110-truck Euro 5 fleet, with exclusive LPG transport contracts and Premium-branded fuel offerings including the proprietary XEnergy additive line.

Ownership category

akta.pro rank

Product category

Petroleum Retail and Distribution

NAICS

Gasoline Stations with Convenience Stores (45711), Gasoline Stations (4571), Fuel Dealers (45721)

SIC

Retail-Auto Dealers & Gasoline Stations (5500), Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE)

akta.pro secondary industries

Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers) (EUALAIAJ), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB), Gas Supply, Aggregation & Contracting (Producers, Marketers, Tolling, GSA) (EUALALAD), Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

Keywords

• Retail fuel distribution
• Wholesale petroleum supply
• LPG transport services
• Gas station operations
• Fuel logistics fleet

Headquarters

HQ city

Pozarevac

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Fuel Sales: Sale of petroleum derivatives (BMB 95/98, Euro Diesel, LPG, XEnergy premium fuels, CNG, Gas Oil) directly to end-consumers at 110+ owned/operated retail stations across Serbia. Stations offer ancillary services including convenience shops, car wash, and café. Revenue from high-volume fuel throughput across the network.
2. Wholesale Fuel Distribution: Comprehensive supply of petroleum derivatives to over 20,000 wholesale clients including 350 private gas stations and approximately 100 industrial facilities (bakeries, mills, manufacturing). Service characterized by precision in quantities, accuracy in timing, and flexibility in payment terms. Fifteen-year key customer relationship with NIS.
3. LPG Transport and Distribution: Transportation and supply of liquefied petroleum gas (TNG/LPG). Exclusive transporter for NIS (4,500 tons/month contract). Complete TNG supply for Lukoil gas stations. Supply contracts with 350 private gas stations and ~100 industrial establishments. Fleet equipped with volumetric and mass flow meters.
4. Fleet/Transport Services: Transportation services for petroleum derivatives and LPG using a fleet of 110 Euro 5 trucks. Serves internal retail network supply and external commercial customers. Tank capacities of 17,000L, 30,000L, and 35,000L for derivatives; 25,000kg for LPG. Includes smaller trucks with trailers (5,000L, 10,000L, 15,000L) for smaller orders and vacuum services for gas tanks.
5. Vehicle Service and Maintenance: Workshop services including regular maintenance (filter and oil replacement, brake system checks, injection system checks, clutch replacement, large service), extraordinary maintenance (engine, transmission, differential repairs), locksmith (aluminum and metal welding), car diagnostics (EOBD), electrical services, and painting for the company's fleet and external customers.
6. Agricultural Loyalty Program: Loyalty card program for agricultural farms providing favorable diesel fuel purchasing conditions at Knez Petrol stations. Revenue from repeat diesel fuel purchases by farmer cardholders.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core offering

Knez Petrol is a privately held Serbian petroleum company that operates over 110 retail gas stations across Serbia, distributing gasoline (BMB 95/98/100), Euro Diesel, proprietary XEnergy additive fuels, LPG (auto gas), and CNG methane. Beyond retail, the company provides wholesale fuel distribution to more than 20,000 B2B clients including 350 private gas stations and approximately 100 industrial facilities, while running a 110-truck Euro 5 ADR-certified fleet for fuel transport and LPG logistics. The company also operates vehicle maintenance workshops and warehouse facilities near Belgrade and Užice.

Product overview

Knez Petrol is a Serbian petroleum company operating over 110 retail gas stations across Serbia. The company offers a comprehensive fuel portfolio including standard fuels (BMB 95, BMB 98, Euro Diesel, Auto Gas/LPG), premium additive fuels (XEnergy Diesel, XEnergy BMB), and alternative fuels (CNG Methane). Beyond retail fuel sales, Knez Petrol provides wholesale petroleum product distribution to over 15,000 clients, operates a fleet of 110 Euro 5 trucks for fuel transport, offers vehicle maintenance services, and maintains warehouse facilities. The company also sells automotive products including antifreeze, lubricants, brake fluids, and specialized oils. The product portfolio is complemented by loyalty programs (Knez Petrol & Nestro Petrol Loyalty Cards, Agricultural Farm Loyalty Program) and strategic partnerships including JP Post of Serbia for payment-postal services.

Differentiator

Problem solved

Functional benefit

Brands

• Premium: Premium branded gas stations featuring modern facilities, additive fuels of latest generation, and extended services including coffee bars, car washes, and playgrounds
• XEnergy
• Knez Petrol & Nestro Petrol BIH Loyalty Kartice

Products and services

• E-BMB 95 (Euro Premium BMB 95) Standard gasoline fuel sold at Knez Petrol retail stations across Serbia, meeting European quality standards.
• E-BMB 98 (Euro BMB 98) Premium gasoline fuel with higher octane rating targeted at performance engines, sold at Knez Petrol stations.
• E-BMB 100 High-performance gasoline with 100 octane rating distributed through Knez Petrol retail network.
• Euro Diesel Standard diesel fuel meeting European quality standards, distributed across Knez Petrol retail stations and through wholesale channels.
• XEnergy Diesel Premium diesel fuel with Knez Petrol's proprietary latest-generation additive formula that cleans injectors, increases cetane number, reduces exhaust emissions, and can reduce fuel consumption depending on engine operating conditions.
• XEnergy BMB Proprietary premium additive gasoline offering maximum engine efficiency and minimal exhaust gas emissions, sold under Knez Petrol's XEnergy brand.
• Auto Gas (LPG/TNG) Liquefied petroleum gas offered as an alternative automotive fuel at Knez Petrol stations and through wholesale LPG supply contracts.
• CNG Methane Compressed natural gas fuel offered at select Knez Petrol stations, providing environmental benefits, lower operating costs, enhanced engine power, and longer engine lifespan.
• Wholesale Petroleum Distribution Comprehensive B2B supply of all petroleum derivatives (BMB, Euro Diesel, Mazut, Gas Oil) to over 20,000 wholesale clients including 350 private gas stations and approximately 100 industrial facilities such as bakeries, mills, and manufacturing plants, characterized by precise quantities, accurate timing, and flexible payment terms.
• LPG Wholesale and Distribution Wholesale LPG transport and supply services, including exclusive 4,500 tons/month contract with NIS, complete TNG supply for Lukoil gas stations, and supply contracts with 350 private gas stations and approximately 100 industrial facilities.
• Fuel Transport Services Petroleum and LPG transportation services using a fleet of 110 Euro 5 trucks (85 for petroleum derivatives, 25 for LPG) equipped with digital metering, GPS tracking, ADR certification, and tank capacities ranging from 5,000L to 35,000L for derivatives and 25,000kg for LPG.
• Vehicle Maintenance Service Comprehensive vehicle workshop services including regular maintenance (filters, oil, brakes, injection, clutch), extraordinary repairs (engine, transmission, differential), locksmith services, EOBD car diagnostics, electrical work, and painting, available for the company's fleet and external customers.
• Agricultural Farm Loyalty Card Dedicated loyalty card program for farmers and agricultural enterprises providing preferential diesel fuel pricing and conditions at Knez Petrol stations for use in agricultural machinery and farm operations.
• Knez Petrol & Nestro Petrol BIH Loyalty Cards Cross-border loyalty card partnership between Knez Petrol (Serbia) and Nestro Petrol (Bosnia and Herzegovina), providing fuel discounts and benefits to customers across both markets.
• Automotive Lubricants and Fluids Branded range of automotive and industrial lubricants, greases, antifreezes, brake fluids, transmission oils, hydraulic fluids, tractor oils, two-stroke oils, windscreen wash, and demineralized water sold at Knez Petrol stations.

Quantifiable outcome

• CNG fuel can reduce operating costs by up to 50% compared to other petroleum fuels
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• JP Post of SerbiacoreStrategic or Co-development PartnerKnez Petrol becomes authorized representative of JP Post of Serbia for payment-postal services. At the Borča station (Zrenjaninski put 114b), customers can perform postal transactions, receive domestic and international shipments including Post Express services, 'today for tomorrow' services, and send telegrams. Services available outside regular hours, on weekends and holidays. First parcel locker for receiving shipments installed at the Šimanovci Premium station.
• NIS (Naftna industrija Srbije)coreTechnology or Integration15-year key customer relationship with NIS (Naftna industrija Srbije). Knez Petrol is NIS's exclusive LPG transporter (4,500 tons/month contract). Also wholesale customer for NIS petroleum products. Longest-standing commercial partnership providing foundational supply for the wholesale and transport operations.
• LukoilcoreChannel Partner/ Reseller/ DistributorKnez Petrol performs complete TNG (liquefied petroleum gas) supply for Lukoil gas stations in Serbia. Exclusive supply relationship leveraging the company's tanker fleet and ADR-certified transport capabilities.
• Nestro PetrolminorChannel Partner/ Reseller/ DistributorCross-border partner with joint loyalty card program (Knez Petrol & Nestro Petrol BIH Loyalty Cards). Cooperation enables loyalty benefits for customers across Serbia and Bosnia and Herzegovina.
• 350 private gas stations (LPG supply contracts)minorChannel Partner/ Reseller/ DistributorPrivate gas stations supplied with LPG under contract through Knez Petrol's exclusive transport and distribution capabilities.
• ~100 industrial facilities (LPG supply)minorChannel Partner/ Reseller/ DistributorIndustrial establishments including bakeries, mills, and manufacturing facilities supplied with LPG under Knez Petrol contracts.

Scale indicators12 records

Recent moves10 records

Expansion highlights7 records

Broad incumbents

• NIS (Naftna industrija Srbije): Serbian state-owned oil and gas major and dominant fuel retailer. Direct competitor in retail stations and wholesale supply across Serbia, while simultaneously Knez Petrol's largest customer and exclusive LPG transport principal (4,500 tons/month). Most comparable competitor given overlapping product lines and Serbian footprint.
• MOL Group: Hungarian-headquartered multinational integrated oil and gas company with significant fuel retail operations across Central and Eastern Europe. Comparable as a large regional incumbent with retail stations, wholesale fuel distribution, and LPG logistics across multiple Balkan markets.
• Petrol (Slovenia): Slovenian regional fuel retailer and energy company with extensive retail, wholesale, and LPG distribution operations across the Balkans. Listed as a Knez Petrol partner; comparable integrated model spanning retail stations, wholesale supply, and LPG logistics in the Western Balkans region.
• OMV Serbia: Austrian-headquartered multinational oil and gas major with branded retail stations across Serbia. Direct competitor in retail fuel and convenience retail, with stronger capital base and EU regulatory alignment; comparable in station format and customer target.

Regional players

• Rompetrol: Romanian-Kazakh (KMG International) fuel retailer and refiner with regional presence in Romania, Bulgaria, and the Black Sea region. Comparable as a regional integrated fuel retail and distribution player operating across Balkan and adjacent markets with similar station formats.
• INA (Industrija nafte Zagreb): Croatian integrated oil and gas company (majority owned by MOL) operating retail stations, wholesale fuel distribution, and LPG logistics across Croatia and neighboring Western Balkan markets. Comparable vertically integrated model serving regional retail and wholesale customers.

Direct peers

• EKO Hellenic Petroleum Serbia: Greek multinational fuel retailer's Serbian subsidiary operating branded stations. Listed as Knez Petrol's satisfied partner in the supply/distribution network and a direct competitor for retail fuel customers in Serbia with similar premium station positioning.
• Lukoil Serbia: Multinational fuel retailer operating branded stations across Serbia. Knez Petrol is the exclusive TNG/LPG supplier for Lukoil's Serbian stations, making them simultaneously a partner and direct competitor. Comparable in station count and product mix but with stronger international backing.
• Nestro Petrol: Bosnian fuel retailer operating across Bosnia and Herzegovina. Knez Petrol has a joint cross-border loyalty card program with Nestro Petrol BIH, making them partner-peers with overlapping customer bases and comparable fuel-and-convenience station models in the Western Balkans.

Emerging players

• Naftachem: Serbian LPG distributor and downstream petrochemical player. Listed as Knez Petrol's satisfied LPG partner receiving supply via Knez's exclusive transport services. Comparable in LPG-focused downstream operations and overlapping Serbian customer base in industrial and retail gas markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/KnezPetrol
• Facebookfacebook.com/dooknezpetrol
• LinkedInlinkedin.com/company/knez-petrol

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Knez Petrol