How much money does a petrol pump owner make in India?

Overall starting a petrol pump in india is a high investment business ideas in india, but at the same time it is very profitable business to start, in general petrol pump owners make around 3.5 lakhs monthly profit, if they able to sell 400000 Litre of petrol at a commission rate of 3.0/litre.

How much a petrol pump owner earns in India?

How much does a petrol pump owner earn? Ans- A petrol pump owner in India can earn up to Rs 3,58,000 every month. If your commission comes across as 3 Rupees per litre then your monthly gross earning of 5,70,000 Rupees.

Is petrol pump profitable in India?

Petrol pump business has always been considered one of the leading profit making businesses, not just in India, but globally as well. … Besides, the Oil Marketing Companies (OMCs) are aiming to generate more viable opportunities in order to encourage the growth of petrol pump business in India in 2020-2021.

Are petrol pump owners rich?

Total profit of the petrol pump business

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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 much does it cost to open a petrol pump in India?

How much investment is required to get a petrol pump license 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.

Is Reliance petrol Pump profitable?

opening petrol requires a large investment such as 15-20 lakhs, but if you open it with proper planning and in the proper area, it easy to make around 4-5 lakhs per month without a doubt.

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.

How do petrol pumps 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.

Which is the most profitable business in India?

Most Profitable Business in India 2021

  1. Insurance. The potential for selling insurance in India is such that many working professionals sell insurance policies on the side. …
  2. Travel Agency. …
  3. Cloud Kitchen. …
  4. Website Design & Development. …
  5. Organic Farming Business. …
  6. Tuition Classes. …
  7. Dropshipping. …
  8. Interior Design Business.
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How much land is required for 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.

Which is the best petrol bunk in India?

Top 6 Brands of Petrol Pumps in India

  • Indian 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.

How many petrol pumps are there in India?

India has 60,799 petrol stations as of November 2017. 26,849 of these belong to Indian Oil (IOCL),14,675 to Bharat Petroleum (BPCL) and 14,161 to Hindustan Petroleum.

How much petrol is sold daily in India?

List of countries by oil consumption

Rank Country/Region Oil consumption (bbl/day)
3 India 5,271,000
4 Japan 3,812,000
5 Saudi Arabia 3,788,000
6 Russia 3,317,000