What Is The Cost Of Petrol Pump Licence?

How much a petrol pump owner earns in a 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.

How can I start a 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.

Do gas station owners make a lot of money?

As you might guess, a gas station owner salary varies depending on a number of factors but a successful gas station owner can make anywhere from $40,000 to $100,000 annually. But it’s going to take a lot of work. Gas stations that do more than serve gas tend to make more money.

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.

How can I get petrol pump Licence in India?

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 does it cost to start a petrol station?

A local petrol station business set up costs range in the region of R15 million and R100 million depending on the size and site. Further to this the operation payable to the oil company ranges between R2. 5 million and R15 million, depending on the cost to develop, projected volumes and profitability.

Can I get loan petrol pump?

The process to apply for a business loan for the petrol pump From the date of inception of the petrol pump, you must have been in business for a minimum of 1 year. The minimum monthly revenue must be at least Rupees 2 Lac.

Which petrol pump dealership 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 do Petrol Pump earn?

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. … The commission in case of diesel, as of now, is Rs 1502.13 and 0.27 per cent of retail price per kilolitre, against Rs 425 for the same quantity.

How much loan can I get for petrol pump?

Business Loan for Petrol Station Interest Rate and Other DetailsParticularsDetailsMinimum Rate of Interest18% per annum on a Reducing BasisMaximum Rate of Interest21% per annum on a Reducing BasisMinimum Loan Tenure12 MonthsMaximum Loan Tenure36 Months4 more rows

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 profit margin on petrol?

1.8%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.

Is opening petrol pump profitable?

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.

How do you attract customers to a petrol station?

Encourage customers to fill their tank in order that they will get a free coffee, windshield wash or a car wash on their next visit. Provide what your competitors do not, this might be one thing that will build customers to return to your station rather than the others.