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 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.
How much does a petrol pump earns in India?
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.
What is the profit of petrol pump?
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 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.
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.
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.
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. …
How much does it cost to build 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?
You must explore the details of the loans that are granted for the petrol pumps.
Business Loan for Petrol Station Interest Rate and Other Details.
|Minimum Loan Amount||₹5 Lacs|
|Maximum Loan Amount||₹30 Lacs|
|Minimum Business Vintage Period||5 Years|
How much profit do petrol stations make per litre?
The ACCC estimates that over the last 12 years, after deducting those expenses, the wholesale sector made an average annual net profit across all fuels of 1.7 cents per litre.
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.