Quick Answer: Can I Get Loan Petrol Pump?

How much a petrol pump owner earns in Pakistan?

An average petrol pump sells 40,000 litres of petrol and 150,000 litres of diesel per month.

Average income on that basis : PETROL : 40000 * 2.5 = Rs.

100000..

Is petrol pump profitable?

For a normal petrol pump the profit margin shows 1.8% or so as a whole. It means selling of 1 litre of petrol incurs Rs. 1.8 profit margin. If for example a pump sells 400 Kilo-litre fuel and makes revenue of 10Lac.

Which company Petrol is best?

Top 6 Brands of Petrol Pumps in IndiaIndian Oil. Indian Oil Corporation is the biggest oil company and also India’s most profitable state-owned company. … Bharat Petroleum. … Hindustan Petroleum. … Reliance Petroleum. … Shell. … Essar Oil. … Upcoming Oil Companies and Petrol Pumps in India. … Rosneft.More items…

Can I get loan to open petrol pump?

The loan is available in the range of Rupees 1 Lac to Rupees 1 Crore. For repayment of the business loans, you must check the FlexiLoans website online. The processing fee for the business loans for the petrol pump at FlexiLoans varies between 2% to 3%. Please check the interest rates online.

How can I become a petrol pump dealer?

– Applicant must have a minimum age limit of 21 years to a maximum of 55 years. – To set up Petrol Pump in a rural area, the applicant must have a valid 10th mark sheet proof for verification of date of birth. – SC / ST / OBC applicants must be the 10th pass, whereas it must be the 12th pass for the general category.

How do petrol pumps cheat?

The simplest and the most effective way of cheating used by almost all the petrol pumps is the adulteration of fuel. Usually, the dealers chemically adulterate the petrol by adding Naphtha, which is a byproduct and is as dense as petrol. It does not leave residue and is cheaper than its counterpart.

How can I make a petrol pump?

1. Eligibility to start a Petrol PumpAge Criteria: Applicant should be minimum 21 years and maximum 55 years.Applicant must be an Indian citizen, in case of NRI the applicant must have stayed in India for more than 182 days.Birth Certificate Proof: 10th class mark sheet.More items…

How much money is earned from a petrol pump in one month?

How much money does petrol pump owner make in India?PARTICULARSTotalNet profitRs 3,58,000 MonthlyAverage sales per month400000 LitreYour commission per litreRs 3.0/litreGross earningRs 5,70,000 per month7 more rows•Jul 28, 2017

What is the cost of petrol pump Licence?

Investment and Fees 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 can I apply for HPCL petrol pump?

Click on online application for applying for HPCL retail outlet dealership.Image 3 HPCL Retail Outlet Dealership. Applicant Registration. To apply the applicant need to register in the portal. … Image 4 HPCL Retail Outlet Dealership. Provide Details in Application. … Image 5 HPCL Retail Outlet Dealership. Print Application.

Is a petrol station a good business?

Although fuel gross profit margins are lower, fuel sales remain the primary income of a business, accounting for approximately 80% to 90% of an operation’s turnover, usually delivering greater profit than alternative profit opportunities, for instance, a convenience store, carwash, bakery and quick service restaurant, …

How 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. ‘

What is the 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 much profit do petrol stations make per Litre?

⇒ The ACCC has estimated that the retail sector as a whole (fuel and nonfuel sales) has earned net profit at an annual average rate of 2.1 cents per litre for the past 9 years. According to ACCC Reports: ⇒ The average net profit on fuel over the past 9 years was 1.3 cents per litre.