How do I start a petrol business?
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.
How much does a petrol pump owner earn in India?
As of April, 2017, petrol pump owners earn Rs 2020.38, plus 0.86 per cent of retail price, as commission for selling every kilolitre of petrol, stated a study by Newsflicks.
What is the profit margin in petrol pump?
“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.
How can I get petrol pump Licence?
How to apply for Petrol Pump Dealership in India?
- Visit the site petrolpumpdealerchayan.
- Click on Register Now, which is located on the homepage.
- Fill the form and create an account for the further process.
- Login with your Id and Password and click on Available Advertisement, which is located on the dashboard.
Can I get loan petrol pump?
You must explore the details of the loans that are granted for the petrol pumps.
Business Loan for Petrol Station Interest Rate and Other Details.
|Minimum Loan Amount||₹5 Lacs|
|Maximum Loan Amount||₹30 Lacs|
|Minimum Business Vintage Period||5 Years|
How much money do I need to open a petrol pump?
To start a petrol pump, the applicant must show the ability to invest a minimum of Rs. 25 lakhs in case of regular petrol pumps and Rs. 12 lakhs in case of rural petrol pumps.
How much land is required for opening a petrol pump?
Normally, the area of 800 square meters to 1200 square meters is sufficient to open a petrol pump. The application fee is Rs. 1000/- for regular retail outlets and Rs. 100/- for rural retail.
How many Litres of petrol are sold in India?
Diesel had the highest values of around 88.2 billion liters in volume among fuels consumed in India for 2020, followed by gasoline or petrol with a consumption volume of about 37.2 billion liters for the same year.
Is Reliance Petrol Pump profitable?
The company is considered as one of the largest players in the industry of Oil and Gas. They have great financial stability and shows strong profitability every year as they do not compromise on their quality. Reliance has well-trained, knowledgeable and courteous pump attendants.
Do petrol stations make money?
Petrol stations don’t make much money
‘Then there’s the cost of the fuel itself and delivery. Retailers try to make about 4-5p per litre, but out of that they have to pay staff, business rates and corporation tax.
What is the Commission on petrol?
Central excise duty of Rs 17.98 per litre, dealer commission of Rs 3.54 per litre and state VAT of Rs 14.98 per litre bring up the retail price of petrol to Rs 70.44 per litre in India, whereas the dealer price remained Rs 33.94 per litre as on 1st July 2019, according to the data provided in the reply.