$42,000
Federal NAICS Codes
NAICS 424720: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Explore obligations, trends, recent awards, and incumbent contractors for NAICS 424720.
NAICS 424720 federal market metrics
- Total obligations
- $30.9B
- Total awards
- 122,558 awards
- Active obligations
- $13.8M
- Size standard
- 200 employees
What this NAICS covers
NAICS 424720 covers merchant wholesale trade of refined petroleum and petroleum products, including purchasing, storing, packaging, and reselling fuels and related lubricants from wholesale facilities to commercial customers, retailers, and industrial buyers, excluding bulk terminal operations.
Federal opportunities under 424720 typically involve contracting suppliers to procure, store, inventory, and deliver refined fuels, lubricants, and related petroleum products to government facilities or contractors, including fuel distribution logistics, delivery scheduling, invoicing, and product traceability.
FY2025 snapshot
- Obligations
- $7.3M
- Awards
- 87
- Average award
- $83.8K
- Change from FY2024
- +9.8%
Federal obligation trend
FY2021
$2.9M · 34 awards
FY2022
$8.5M · 106 awards
FY2023
$8M · 100 awards
FY2024
$6.6M · 108 awards
FY2025
$7.3M · 87 awards
FY2026
$60.4M · 77 awards
Recent awards
$16,089
$125,424
$19,563
$178,000
$34,808
MISCELLANEOUS FOREIGN AWARDEES
Department of State
- PIID
- 19JM3726P0702
- PSC
- 9130 - LIQUID PROPELLANTS AND FUELS, PETROLEUM BASE
$10,004
B AND B OIL CO INC
Federal Emergency Management Agency
- PIID
- 70FBR426P00000038
- PSC
- 9130 - LIQUID PROPELLANTS AND FUELS, PETROLEUM BASE
$33,000
ED STAUB AND SONS PETROLEUM, INC.
Federal Prison System / Bureau of Prisons
- PIID
- 15B61926P00000080
- PSC
- 9130 - LIQUID PROPELLANTS AND FUELS, PETROLEUM BASE
FAQ
What work fits NAICS 424720?
- Procurement of diesel and gasoline supplies with scheduled bulk deliveries to government vehicle and equipment fleets, including invoicing, inventory reconciliation, and fuel quality documentation.
- On-site mobile refueling operations at field locations using tanker trucks with metered delivery tracking and fuel safety procedures.
- Provision and resupply of aviation and turbine fuels with product sampling, chain-of-custody records, and acceptance testing.
- Supply of specialty lubricants and additives with compatibility data, lot traceability, and labeling controls to meet equipment maintenance specifications.
When is NAICS 424720 a weak fit?
- Bulk terminal operations where the primary activity is owning and operating large storage tanks and loading racks; missing merchant resale responsibilities and logistics tied to end-customer deliveries.
- Fuel transportation-only contracts that provide trucking services without product procurement, inventory control, quality testing, or sales and billing responsibilities.
- Retail service station management that centers on storefront retailing, point-of-sale merchandising, and convenience store operations rather than wholesale distribution and fleet deliveries.
What solicitation language points to NAICS 424720?
- Contract requires delivery of specified fuel grades with certificates of analysis, batch-level fuel testing, and documented chain-of-custody for each shipment.
- Solicitation includes evaluation of supply chain capacity, tanker fleet ownership or subcontracting plans, and inventory management system capabilities for scheduled deliveries.
- Performance work statement specifies rapid-response emergency refueling support, meter-based delivery measurement, and invoicing tied to batch-level traceability.
Put this market knowledge to work
Now that you know about NAICS 424720 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals), let Sweetspot help you find and win relevant government contracts with AI-powered tools.