Highways do not have a lot of settlements close by which is why it is also safer to open a pump there. If you have properly managed this business then you could expect a good net profit. Nonetheless, the fuel demand will hardly decrease. Average product lost in transportation, etc Rs 50, monthly Total expenses monthly Rs 2,12, Above chart is average calculation.
Under new rule, people with no land or a firm tie up with land owner will also be allowed to apply for dealership. Jun 17, CNG is neither very expensive nor as heavy as petrol and diesel. Read this article in: At this present scenario, starting a petrol pump of your own is a very lucrative idea.
In case you are choosing the outskirts or choosing to start the pump close to Highway routes, that would also be more lucrative. Many cities in India are now shifting to CNG immediately instead of petrol and diesel.
Is it profitable to open a petrol bunk in India? The new guidelines will follow the government reservation norms for disadvantaged sections of the society, but will give operational flexibility to companies in appointments, according to executives.
Petrol and diesel do not come cheap, neither do CNG. Your profit will depend upon the amount of petrol diesel or gas sold annually and your profit margin would also vary. It will cost less i. Conclusion While opening a pump, you must also sign several documents that will provide with the knowledge of the emission standards of all fuel.
There are certain tests and standards that need to be passed for you to acquire your license. Location matters a lot! The market There is only one market that can be targeted, that of the vehicles. Once all the safety measures and standards are carefully met, you can start with your legal procedures.
Opening a new pump there will definitely draw more customers. Net profit also depends on location of petrol pump because if it is in urban city areas then sale of petrol will be more as compared to diesels. Even if you are opening a private pump, you need to be registered with the required authorities to ensure that your business is legal.
These companies have almost finalized their guidelines that would govern new appointments. Yes, it is profitable if you manage it properly. Previously, the verification process was undertaken for all applicants and only eligible candidates participated in the draw of lots.
Applicants were required to posses Rs 25 lakh in bank deposits or other financial instruments for regular outlets and Rs 12 lakh for rural outlets, according to the previous policy.
If you are choosing to open the pump in the city, it will be better to open it some place there is no other pump in the vicinity. State oil companies plan to add an unprecedented 25, petrol pumps in one shot, nearly half as much as operational today, across the country after the government signalled them to do so, according to people familiar with the matter.
That is why; you need to first acquire a proper license to open a pump.
If it is not taken care of, there could be chances of incurring losses. That way if anything illegal happens, you can immediately inform the necessary authorities and also be safe on your side.
All vehicles need fuel which is why petrol pumps keep all the fuels available. Many petrol bunks in India is not properly managed and at the end they suffer losses.Research by: Dr.
Peter A. Agbuguyi 1 Edited by: Ian G. Udoh THE “PETROL STATION” BUSINESS “My wife always complains that I don’t take her anywhere expensive. the Oil Companies engaged in retail business of automotive fuels are IOC, HPC, BPC, NRL, MRPL, ONGC, RIL, Essar and Shell.
PETROL PUMPS (RETAIL OUTLETS) 1. 9 available at each petrol pump or contact Company’s Sales Officeron phone. Petrol Station Business Plan - Don’t underestimate the importance of a detailed and professional petrol station business plan. The object of crafting this article is to provide a detailed guide about how to start a petrol pump business in India.
Petrol pump is a traditional business of our country. And the business is also lucrative venture for the small business entrepreneurs. Petrol pump plan 1. Presentation Content • My Business plan. • Strength of My business. • Source of money.
• Source for start petrol pump. Apex Petroleum Corporation Service Station Business Plan Your Neighborhood Gas Station Please type or print Name ____Furnishes a monthly Cash Flow Statement that provides a detailed analysis of the business cash flow.
____Furnishes all monthly, quarterly, and annual business and personal tax liabilities.Download