Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Petroleum and Petroleum Products Merchant Wholesalers

SBA Size Standard

500 employees

Employee-Based Verify at SBA.gov →

NAICS Code Hierarchy

Sector

Wholesale Trade

424

Subsector

Merchant Wholesalers, Nondurable Goods

4247

Industry Group

Petroleum and Petroleum Products Merchant Wholesalers

424720

National Industry (This Code)

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

Official NAICS Description

Source: U.S. Census Bureau 2022 NAICS

📘 Source: U.S. Census Bureau — 2022 NAICS Manual

This industry comprises establishments primarily engaged in the merchant wholesale distribution of petroleum and petroleum products (except from bulk liquid storage facilities). Illustrative Examples: Gasoline merchant wholesalers (except bulk stations, terminals) Lubricating oil and grease merchant wholesalers (except bulk stations, terminals) Bottled liquid petroleum gas merchant wholesalers Fuel oil merchant wholesalers (except bulk stations, terminals)

✓ Small Business Eligibility at a Glance

Based on SBA Table of Small Business Size Standards (2024)

Size Standard

500 employees

Measurement Period

Current count

Standard Type

Employee-Based

Applies To

All contracts under NAICS 424720

Set-Aside Programs

8(a), WOSB, HUBZone, SDVOSB

Certification Required

No (self-certify in SAM.gov)

Size standards are set by the SBA and reviewed periodically. Always verify at SBA.gov before bidding.

Cross-References

The following activities are classified elsewhere in the NAICS system:

→Merchant wholesale distribution of crude petroleum and petroleum products from bulk liquid storage facilities--are classified in Industry 424710, Petroleum Bulk Stations and Terminals; and

→Fueling aircraft on a contract or fee basis--are classified in Industry 488190, Other Support Activities for Air Transportation.

How to Use NAICS 424720 in SAM.gov

NAICS code 424720 — Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) — is used in SAM.gov to identify businesses whose primary activity falls within this classification. When you add this code to your SAM.gov entity registration, contracting officers searching for vendors in the Petroleum and Petroleum Products Merchant Wholesalers space will be able to find your business.

If this code represents your primary business activity, designate it as your primary NAICS code. Your primary NAICS code determines your size standard for any contract solicited under this code. With a size standard of 500 employees, your business must be at or below this threshold to qualify as a small business for set-aside contracts under NAICS 424720.

Frequently Asked Questions

What is NAICS code 424720?

NAICS code 424720 is 'Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)', classified under the Wholesale Trade sector (NAICS 42). This industry comprises establishments primarily engaged in the merchant wholesale distribution of petroleum and petroleum products (except from bulk liquid storage facilities). Illustrative Examples

What is the SBA small business size standard for NAICS code 424720?

The SBA defines a small business under NAICS code 424720 (Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)) as one with 500 employees. This size standard determines eligibility for small business set-aside contracts, 8(a), HUBZone, WOSB, and SDVOSB programs in SAM.gov.

How do I register NAICS code 424720 in SAM.gov?

To register NAICS code 424720 in SAM.gov: (1) Log in at sam.gov, (2) Navigate to your Entity Registration, (3) Go to the Assertions section, (4) Add 424720 (Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)) to your NAICS code list. You may designate one code as your Primary NAICS code.