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What is the profit per Litre of petrol pump?

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What is the profit per Litre of petrol pump?

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.

What is the commission of petrol pump dealership?

Central excise duty of Rs 17.98 per litre, dealer commission of Rs 3.54 per litre and state VAT of Rs 14.98 per litre bring up the retail price of petrol to Rs 70.44 per litre in India, whereas the dealer price remained Rs 33.94 per litre as on 1st July 2019, according to the data provided in the reply.

What is the commission of petrol pump owner?

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.

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How can I buy land for petrol pump?

Land requirement for petrol pump dealership:

  1. Land should be on National Highway.
  2. Applicants having a suitable piece of land in the advertised location/area either by way of ownership / long term lease.
  3. Applicants having Firm Offer for a suitable piece of land for purchase or long term lease.

Are petrol pumps 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.

Which petrol pump is best for dealership?

List of Top 6 Best Quality Brands of Petrol Pumps in India

  • Indian Oil Corporation Limited (IOCL)
  • Bharat Petroleum Corporation Limited (BPCL)
  • Hindustan Petroleum Corporation Limited (HPCL)
  • Reliance Industries Ltd.(RIL)
  • Shell India Private Limited (Shell)
  • Essar Oil(Nayara Energy)

Is petrol pump dealership 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.

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Is VAT required for petrol pump?

Despite petrol and petroleum products, including diesel and natural gas, being not taxable under GST, filling stations will come under the tax ambit as they also sell lubricants and distilled water, which are not exempt. Therefore, Petrol pump dealer has to take VAT as well as GST registration.

Is petrol pump profitable?

Can I get loan on petrol pump?

Selecting a lender for the business loans for the petrol pump is a strenuous task and requires collateral and takes a very long time for the processing of the loan. And collateral makes the process difficult. FlexiLoans accept online business loan and accept loan documents and application online.

Is Reliance Petrol pump profitable?

The company is considered as one of the largest players in the industry of Oil and Gas. They have great financial stability and shows strong profitability every year as they do not compromise on their quality. Reliance has well-trained, knowledgeable and courteous pump attendants.

Can I get loan petrol pump?

See the interest rate, tenure, and maximum loan amount that you can get for the petrol refilling stations….Business Loan for Petrol Station Interest Rate and Other Details.

Particulars Details
Minimum Loan Amount ₹5 Lacs
Maximum Loan Amount ₹30 Lacs
Minimum Business Vintage Period 5 Years

What are petrol pumps?

In Oil Industry parlance, Petrol Pumps are referred to as Retail Outlets (ROs). • As per the existing Government policy, Petrol Pumps can be set up by Public Sector Oil Companies as well as Private Sector Oil Companies dealing in storage and distribution of petroleum products as per guidelines.

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Who can set up a petrol pump in India?

• As per the existing Government policy, Petrol Pumps can be set up by Public Sector Oil Companies as well as Private Sector Oil Companies dealing in storage and distribution of petroleum products as per guidelines. Presently, the Oil Companies engaged in retail business of automotive fuels are IOC, HPC, BPC, NRL, MRPL, ONGC, RIL, Essar and Shell.

How to start a petrol pump business?

Generally, the Oil Marketing Companies (OMCs)give advertisements in the newspaper or its website to set up petrol pumps at various locations in the country. Interested candidates can apply online for a license to open a petrol pump in the desired state/city/region.

How to choose the right location for your petrol pump?

The location of the petrol pump is very crucial for oil marketing companies. Companies prefer the place which is near residential locality, busy market areas or on the state/national highway because companies want to increase the sale. Normally, the area of 800 square meters to 1200 square meters is sufficient to open a petrol pump.