Blog

How much we can earn from petrol pump?

by Author

How much we can earn from 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.

How does a petrol pump make profit?

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 should I invest in petrol pump?

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.

READ:   What are the three methods of representing sets?

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.

Which is the highest selling petrol pump 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.

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.

READ:   Is PhD from Amity worth it?

Do petrol pumps earn more in city or town?

The study data showing that the petrol pumps on the highways earn more than in city or town. If the average petrol selling 50,000 litres and 150,000 litres of diesel per month. So it is clear that the earning totally depend on selling quantity of fuel at a particular petrol pump.

What is the total income of petrol pump business in India?

In rural areas the average minimum sales are 1500 litres per day. Commission per litre in rural area is 2.25 Rs. Therefore, 2.25*1500 = 3375 Rs /day and 101250 Rs/month. Therefore total income of the petrol pump business is 4.2 lakhs/month in city side and 2 lakhs/month in rural areas.

What is the Commission of a petrol pump dealer?

In case of diesel the commission is around 1.2rs per litre (varies for every dealer) whereas for petrol the commission comes up at around 2rs per litre (varies from dealer to dealer) . So for example if a petrol pump dealer has a sale of 2 lakh litres of diesel and 1 lakh litres of petrol per month, his gross profit would be approx 4.4lakh rupees.

READ:   What is the difference between template and sample?

Who is the owner of a petrol pump?

Petrol pump owners are the companies not the petrol pump dealers. A dealer runs the petrol pump on behalf of the company. Between company & dealer an agreement is signed by which dealer will give the land on lease for 30 years to the company. After 30 years the lease is renewed.