How to start a business of petrol pump?

To open a petrol pump business, you must have a good investment capacity to start with. There are two types of charges for opening petrol pumps in India: Rs 12 lakhs for ROs for rural areas and Rs 25 lakhs for ROs in urban areas, though the amount may vary from company to company.

Likewise, is petrol pump business profitable? How to Start a Petrol Pump Business? On average, a petrol bunk business owner or dealer earns a profit margin of Rs. 1.2 for every litre of petrol sold, whereas he earns Rs 1.8 for every litre of diesel. So, a petrol pump is a low-margin business, where you can generate good revenue and become profitable.

In this regard, how can I start a petrol pump business? Check the criteria for minimum land required for petrol pump. Get your petrol pump license and fill your fees. Meeting all your eligibility criteria for petrol pump dealership. Get all your certificates and permissions to confirm your dealership.

Frequent question, what is the commission of petrol pump dealership? “The dealers’ margin for petrol and diesel has been revised. It is approximately 9% to 43% in petrol and 11% to 59% in diesel,” he said. Low volume dealers shall get maximum increase in commission in terms of percentage and paisa per litre.

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Considering this, are petrol pump owners rich? Overall starting a petrol pump in india is a high investment business ideas in india, but at the same time it is very profitable business to start, in general petrol pump owners make around 3.5 lakhs monthly profit, if they able to sell 400000 Litre of petrol at a commission rate of 3.0/litre.

Which company petrol is best?

  1. Indian Oil. Indian Oil Corporation is the biggest oil company and also India’s most profitable state-owned company.
  2. Bharat Petroleum.
  3. Hindustan Petroleum.
  4. Reliance Petroleum.
  5. Shell.
  6. Essar Oil.
  7. Upcoming Oil Companies and Petrol Pumps in India.
  8. Rosneft.

Do petrol stations make money?

Petrol stations don’t make much money Retailers try to make about 4-5p per litre, but out of that they have to pay staff, business rates and corporation tax. Fuel stations often depend heavily on sales from the shop – a retailer can make more on selling a Costa coffee than on 40 litres of fuel. ‘

How much land is required for a petrol pump?

Normally, the area of 800 square meters to 1200 square meters is sufficient to open a petrol pump.

How can I install Reliance petrol pump?

The total investment that a persons need to contribute to setting up a Reliance Petrol Pump Dealership Franchise in your city is Rs. 50-70 lacs excluding land cost. RIL also takes Rs. 23,50,000 as a security deposit which is refundable.

Is it petrol bunk or petrol pump?

The origins are unknown and hard to trace but the word bunk means exactly what Murali has said. They are known as Petrol Pump/ Stations or Gas/Gasoline Stations/Pump, by laymen across the world but the technical word for it is Fuel Retail Outlets..

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How can I get Indian petrol pump oil?

  1. Application fee of Rs.100 in respect of Rural ROs have to be paid, and fee for SC/ST applicant is Rs.50 in respect of Kisan Seva Kendra.
  2. For applying for regular IOCL ROs application fee, Rs. 1000 has to be paid. Fee for SC/ST category is Rs. 500.

What is the margin on petrol?

Petrol price increased by 19 paise per litre to Rs 81.89 per litre on Friday from Rs 81.70 per litre on the previous day. Diesel price, on the other hand, increased by a higher margin of 24 paise to Rs 71.86 a litre, up from Rs 71.62 a litre on the previous day.

How can I get HP petrol pump dealership?

For applying online for HPCL retail out the dealership, the applicant needs to visit HP retail webpage. From the main page click on ‘About HP retail’ option, the link will redirect to new page. In the new page select Petrol Pump Dealership from the menu bar. The link will move to a new page.

What is the profit of Reliance petrol pump?

Reliance Petrol Pump Dealership Profit On a normal, reliance petrol pump make around 4 lac rupees for every month. The primary profit of petrol pump depends on their cut on every litre of petroleum they sell. Generally, as in 2018, this cut is 5 rupees for every litre.

What is the dealer margin on petrol and diesel?

The regular revision of dealer margins has been a long-standing demand of fuel pump owners. Presently the dealers earn around Rs 3.82 a litre on petrol and Rs 2.60 a litre on diesel. There is a 3 per cent dealer margin on sale price of CNG that retails at around Rs 55 per kilogramme in Gujarat.

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