Shell Canada said that its purchase of 56 gas stations from the parent company of Sobeys is part of Shell's long-term plan to grow its network of retail gas stations across the country.

The two companies also announced on Thursday that Shell will acquire the gas stations from the parent company Sobeys for about $100 million.

In the same context, Kent Martin from Shell Canada said that Shell is working hard to grow its retail fuel network worldwide.

Also, Martin said the company knows that demand for gasoline will decline in the long term in favor of cleaner burning fuels and electric vehicles. But Shell believes that by increasing its footprint in retail, it will eventually be ready to provide drivers with traditional gasoline, electric vehicle charging, and even hydrogen and renewable fuels.

Martin also said that in the long term, the company also plans to enhance its convenience store offerings to help offset the loss of revenue that will come with the decline in gasoline demand.