Why Indians are no longer queuing up to open petrol pumps Sanjeev Choudhary Owning a petrol pump or opening a new one in India is no longer as attractive as it used to be about a decade ago, when small-time entrepreneurs used financial and political clout to grab a slice of the business that offered sustained cash at little risk along with some prestige. Apr 22,
Average product lost in transportation, etc Rs 50, monthly Total expenses monthly Rs 2,12, Above chart is average calculation. 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.
If you have properly managed this business then you could expect a good net profit. Many petrol bunks in India is not properly managed and at the end they suffer losses. Is it profitable to open a petrol bunk in India?
Yes, it is profitable if you manage it properly. It can also be done after final selection by company Complete tax registration Check advertisement in newspaper by various companies like hindustan petroleum, Bharat Petroleum, Indian Oil, Reliance Petroleum, Essar Petroleum, Shell Petroleum, etc.
Make sure that you meet the eligibility criteria given below.
Further selection process and then final selection. Deposit amount — for Bharat Petroleum is 15 Lakhs non-refundable Investment required to start petrol pump in rural and urban areas Total investment is around 50 lakhs to 2 crores and it depends on locality. It will cost less i. Why open a petrol pump?
There are more personal vehicles than public vehicles.
Either way, all vehicles need fuel. Many eco-friendly alternatives have been introduced to save the earth from the noxious emissions of fuel like CNG and LPG.
But with the increasing amount of vehicles, the demand for gas is increasing with each passing day. At this present scenario, starting a petrol pump of your own is a very lucrative idea.
More and more people will be buying vehicles and that way, this is one field that will hardly never lose its touch. Whether you are opening a pump in the city or on the outskirts, closer to Highway routes, the business will be profitable everywhere.
In modern day situation, this business is more lucrative. Your profit will depend upon the amount of petrol diesel or gas sold annually and your profit margin would also vary. Nonetheless, the fuel demand will hardly decrease. Business basics All types of business requires not only sufficient knowledge but also money.
Since it is a petrol pump and you will be dealing with highly inflammable liquids, ensuring all sorts of safety measures is very important. Even the slightest mistake could lead to a major accident.
That is why; you need to first acquire a proper license to open a pump. There are certain tests and standards that need to be passed for you to acquire your license. Once all the safety measures and standards are carefully met, you can start with your legal procedures.
Signing necessary bonds and papers are important since most petrol pumps are government undertakings. Even if you are opening a private pump, you need to be registered with the required authorities to ensure that your business is legal. Location matters a lot!
Location of the pump is also important. 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.Allensburg's Food and Gas convenience store gas station business plan executive summary.
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SO(Land)HTP/KBCA/ In exercise of the powers conferred. 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. No Programme Project Description Method of procurement 65 OPERATIONS INSTALLATION CONTRACTOR FOR SPM PETROL PIPELINE Tender/Quote 66 OPERATIONS DIVING SERVICES FOR REPAIRS TO SPM.