MCC 5172 - Petroleum 
Merchant Category Code 5172, known as "Petroleum," is primarily used to classify businesses involved in the wholesale distribution of petroleum and petroleum products. The main purpose of this MCC is to identify transactions pertaining to the sale of fuel, oil, and related products typically traded in bulk. This category is vital for industries that rely heavily on fossil fuels and chemicals derived from petroleum.
Types of Services
- Wholesale Fuel Distribution: This includes companies engaged in the large-scale distribution of gasoline, diesel, kerosene, and other fuel types to retailers or end-users.
- Petrochemical Supply: Businesses providing raw materials derived from petroleum that are used in the manufacture of chemicals and plastics.
- Lubricant Products: This includes the sale and distribution of motor oils, industrial greases, and lubricants used in machinery and vehicles.
- Fuel Brokerage: Transactions involving the buying and selling of fuel commodities in bulk quantities, often with the purpose of resale.
Related MCCs
- MCC 5541: Service Stations: Focuses on businesses providing automobile repair services and fuel sales directly to consumers at service stations.
- MCC 5542: Automated Fuel Dispensers: Specifically for transactions made at unattended fuel dispensing locations, typically involving credit or debit cards.
- MCC 5983: Fuel Dealers - Fuel Oil, Wood, Coal, Liquefied Petroleum: Covers businesses that sell various types of fuel for home heating or industrial energy needs.
FAQs
- What types of products fall under MCC 5172?
- Products include gasoline, diesel, lubricants, and other related petrochemical products typically sold in bulk. - Are retail gas stations included under MCC 5172?
- No, retail gas stations typically fall under MCC 5541 for service stations. - How does MCC 5172 benefit businesses?
- By classifying them correctly, businesses can potentially reduce transaction fees and improve data tracking for sales involving petroleum products. - Is MCC 5172 applicable to renewable energy companies?
- Generally, no. This code is focused on traditional petroleum-based products and not typically associated with renewable energy sources.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers