Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) — NAICS 424720
Browse federal contract opportunities classified under NAICS code 424720 (Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)). Find active solicitations on SAM.gov, understand size standards, and discover set-aside opportunities for your business.
About NAICS 424720
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals). This industry falls under the Wholesale Trade sector (NAICS codes beginning with 42).
Federal agencies use NAICS code 424720 when posting contract opportunities on SAM.gov to classify the type of work being solicited. Businesses that operate in the petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) space should include this code in their SAM.gov registration and capability statements to ensure they appear in relevant searches.
How to Use NAICS 424720 in Federal Contracting
To compete for federal contracts under NAICS 424720, your business should be registered in SAM.gov with this NAICS code listed in your entity profile. When agencies post solicitations for petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) work, they reference this code to determine the applicable small business size standard and any set-aside eligibility.
If you hold certifications such as 8(a), HUBZone, SDVOSB, or WOSB, you may be eligible for set-aside contracts under this NAICS code. These set-asides limit competition to certified small businesses, giving you a significant advantage in winning federal work.
FedOverwatch monitors SAM.gov daily and can automatically match you with new opportunities under NAICS 424720. Set up your profile with your NAICS codes and certifications to receive personalized contract alerts.
NAICS 424720 Market Intelligence
Based on 3 years of federal award data from USAspending.gov, the petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) market has seen 362 contract awards totaling $76.6M in value. The median contract size is $17K, with approximately 10 new awards per month.
Total Awards (3yr)
362
Total Value
$76.6M
Median Contract
$17K
Competitors
75
Contract value distribution
150 small business awards ($4.9M total value,$17K median)
75 companies compete for NAICS 424720 contracts
See who's winning, their award values, and where you fit in the market
Explore CompetitorsSize Standards
The SBA establishes size standards for each NAICS code to define what qualifies as a "small business" for federal contracting purposes. For NAICS 424720 (Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)), the size standard is based on either average annual receipts or number of employees, depending on the specific industry. Meeting the size standard for your primary NAICS code is required to qualify for small business set-aside contracts.
Visit the SBA Size Standards Table to find the current threshold for NAICS 424720.
Recent NAICS 424720 Opportunities
View all →The U.S. Department of Defense is procuring high-grade gasoline with an octane rating of 95 for military vehicle and equipment operations across domestic and overseas installations, requiring consistent fuel quality, reliable delivery schedules, and compliance with military specification standards.
The U.S. Army is procuring high-grade heating oil (diesel) to support heating needs at military installations, requiring reliable delivery schedules, compliance with military fuel specifications, and adherence to environmental and safety standards.
Frequently Asked Questions
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Set up your profile with your NAICS codes and certifications, and FedOverwatch will automatically match you with relevant petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) opportunities as they're posted on SAM.gov.