Petroleum products, fuel, electricity and other sources of energy market in Latvia: size, suppliers and public contracts
Market size and key facts
In 2025, public buyers in Latvia awarded 105 supply contracts for petroleum products, fuel, electricity and other sources of energy through award notices on TED; the 92 of them that state a value (87.6%) add up to €2.82 million.
- Since November 2023, 30 companies have won 185 public supply contracts for petroleum products, fuel, electricity and other sources of energy in Latvia, in 47 award notices from 30 public buyers.
- 100% of these awards went to companies registered in Latvia.
- The five companies that win most often hold 65.9% of all awards.
- 17.3% of the awards whose notice states the number of tenders received a single bid.
In proportion
All public purchasing in Latvia — general government spending on goods, services and investment, the measure the OECD and the European Commission use for public procurement — came to €6.65 billion in 2025, 15.2% of GDP (Eurostat). Award notices on TED cover only the contracts above the EU thresholds, so they show who wins, not the whole of that spending.
Source: Eurostat, government finance statistics (gov_10a_main, gov_10a_exp) and GDP (nama_10_gdp), retrieved 9 November 2026.
Updated · counted daily from contract award notices on TED and Eurostat international trade data · figures as JSON · free to quote with attribution (CC BY 4.0)
How to cite: Cresques, "Petroleum products, fuel, electricity and other sources of energy market in Latvia", https://cresques.com/markets/lv/090-petroleum-products-fuel-electricity-and-other-sour, from TED contract award notices (© European Union) and Eurostat Comext, updated 13 November 2026. Licence: CC BY 4.0.
- Winning companies
- 30
- since November 2023
- Award notices
- 47
- on TED
- Public buyers
- 30
- hospitals, schools, agencies
- Imports
- —
- no customs heading isolates this category
The market in numbers
Public supply contracts in Latvia: award notices published on TED from 2023-11 to 2026-11, by publication year.
- Contracts awarded
- 185
- in 47 award notices
- Awarded value
- €109.3M
- from 82% of awards with a published value
- Winning companies
- 30
- with at least one award
- Public buyers
- 30
- hospitals, cities, agencies
Table view
| 2024 | 25 |
| 2025 | 105 |
| 2026 | 55 |
Table view
| 2024 | €2.6M |
| 2025 | €2.8M |
| 2026 | €103.9M |
Table view
| Cities, regions and central administration | 144 |
| Urban transport operators | 17 |
| Housing and community amenities | 12 |
| Water utilities | 3 |
| Social protection | 3 |
| Universities, schools and research | 3 |
| Ports | 2 |
| Electricity utilities | 1 |
- Latvija185LV00
Table view
| Latvija | 185 |
- Large companies
- Medium-sized
- Small
- SME (size not stated)
- Size not stated
Table view
| Large companies | 113 · 61.1% |
| Medium-sized | 39 · 21.1% |
| Small | 8 · 4.3% |
| SME (size not stated) | 1 · 0.5% |
| Size not stated | 24 · 13% |
- Under €2M turnover
- €2M–10M
- €10M–50M
- €50M and more
Table view
| Under €2M turnover | 3 · 10% |
| €2M–10M | 5 · 16.7% |
| €10M–50M | 7 · 23.3% |
| €50M and more | 15 · 50% |
- Rīga80
- Aizkraukle, Aizkraukles nov.13
- Kocēnu pagasts, Valmiera novads11
- Stalbe8
- Dobele7
- Valmiera7
- Rēzekne6
- Dricāni6
Table view
| Rīga | 80 |
| Aizkraukle, Aizkraukles nov. | 13 |
| Kocēnu pagasts, Valmiera novads | 11 |
| Stalbe | 8 |
| Dobele | 7 |
| Valmiera | 7 |
| Rēzekne | 6 |
| Dricāni | 6 |
30 of 30 winning companies registered in Latvia have annual accounts in the open business registers; bands follow the EU SME turnover thresholds.
Awards to companies registered in Latvia
100%
0 awards went to companies registered elsewhere.
Share of the 5 biggest winners
65.9%
Of all awards; a high share means a concentrated market.
Lots with a single bid
17.3%
Among 185 awards whose notice states the number of tenders.
How we count: one award per procedure, lot and winning company, from live contract award notices; a joint procurement counts on every buyer's market. Values are the awarded amounts published in the notice (framework ceilings and estimates are never added), converted to euro at the ECB yearly average. Company size is the SME flag of the notice (eForms BT-165). Read the methodology.
The same category across Europe: all 30 countries compared →
Among the companies that win most often
- AS "VIADA Baltija"90 public contracts in total
- Akciju sabiedrība "VIRŠI-A"94 public contracts in total
- Sabiedrība ar ierobežotu atbildību "NESTE LATVIJA"51 public contracts in total
- SIA "Circle K Latvia"47 public contracts in total
- Sabiedrība ar ierobežotu atbildību "AKVARIUS"50 public contracts in total
Watch this market
One e-mail a week with the new public contract awards for petroleum products, fuel, electricity and other sources of energy in Latvia: what was bought, by whom, who won. Free, no account needed.
The address is used only for this e-mail; unsubscribe with one click in any issue. Details in the privacy policy.
Which of these 30 companies could distribute your product?
A Cresques market map of Latvia for this category shows the companies that win these contracts: how often, for how many buyers and for how much, and whether the leading ones are distributors or manufacturers.
Open this market map — freeFree account, no card: one market map, showing the first 5 companies with their contract awards. Paid plans show every company.
After sign-in the new-market form opens with Latvia and Petroleum products, fuel, electricity and other sources of energy filled in.
No account yet? Ask for a free preview.
One page by e-mail within one working day: three distributors that already win public contracts for this kind of product in the country you choose, each one checked (is it a distributor, or a manufacturer's own sales company?), with its contract record, and the price of the full shortlist. If we can find fewer than three, the reply says so.
Read how to enter the Latvia market.
Questions
- Who wins public contracts for petroleum products, fuel, electricity and other sources of energy in Latvia?
- 30 companies won 47 contract award notices for these categories from 30 public buyers in Latvia since November 2023. The companies that win most often are AS "VIADA Baltija", Akciju sabiedrība "VIRŠI-A", Sabiedrība ar ierobežotu atbildību "NESTE LATVIJA", SIA "Circle K Latvia", Sabiedrība ar ierobežotu atbildību "AKVARIUS".
- How big is the petroleum products, fuel, electricity and other sources of energy market in Latvia?
- In 2025, public buyers in Latvia awarded 105 supply contracts for petroleum products, fuel, electricity and other sources of energy through award notices on TED; the 92 of them that state a value (87.6%) add up to €2.82 million.
- How do I find a distributor for petroleum products, fuel, electricity and other sources of energy in Latvia?
- Create a free Cresques account and open the market map for Latvia and this category. It shows the companies that win public contracts there, how often, for how many buyers and for how much: the first 5 on the Free plan, every company on a paid plan. Where the data exists, the map also shows wholesalers from the business register, import figures and the industry's trade fairs.
Sources: contract award notices on TED — Tenders Electronic Daily (ted.europa.eu), © European Union, published since November 2023, processed by Cresques (one award per procedure and lot); no import figure: Eurostat's customs headings do not isolate this category.