Quick Answer: How Can I Get Ownership Of Petrol Pump?

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.

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What is the process to change the ownership of a petrol pump?

If you fit in these two criteria, you can apply for the reconstitution of your petrol pump license in a prescribed form with all relevant documents which can be collected from your sales officer and as per the reconstitution; you can transfer 49% ownership to the incoming party whereas you still are the owner of 51%.

How can I get franchise of petrol pump?

5 lakhs for rural retail outlet and Rs. 15 lakhs for a regular retail outlet. This fee is non-refundable for both locations. Generally, the Oil Marketing Companies (OMCs)give advertisements in the newspaper or its website to set up petrol pumps at various locations in the country.

What is the income of petrol pump owner?

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 profit in petrol pump?

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.

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.

Is petrol pump license transferable?

A petrol pump license cannot be transferred. A license can be surrendered through resignation in case of a sole proprietor or an individual may resign from the dealership of a partnership firm.

Are petrol pump owners rich?

Total profit of the petrol pump business Monthly profit for the petrol pump business is 2 lakhs – 1.35 lakhs= 65000 Rs for rural areas. Monthly profit for the petrol pumps business is 4.2 lakhs – 1.95 lakhs = 2.15 lakhs /month for city side. There is 100% no loss in this business.

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…

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.