What Is The Income Of Petrol Pump Owner?

How do petrol stations make money?

Petrol stations don’t make much money Retailers try to make about 4-5p per litre, but out of that they have to pay staff, business rates and corporation tax.

Fuel stations often depend heavily on sales from the shop – a retailer can make more on selling a Costa coffee than on 40 litres of fuel.

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How do I become a petrol pump owner?

The owner of the petrol pump should be an individual who is an Indian citizen. The minimum age limit for an applicant must be 21 years and maximum should be 55 years. Educational qualification is must is you want an ownership of petrol pumps. For rural petrol pump owners a minimum of 10+2 certificate is required.

What is the minimum land requirement for 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.

How can I earn from petrol pump?

First of all, we need to know that how petrol pumps earn money , basically they get commission for every liter of fuel they sell….Average income on that basis :PETROL : 40000 * 2.5 = Rs. 100000.DIESEL : 150000 * 1.5 = Rs. … Gross income = Rs. … Total expenditure = Rs. … Net income = 3,25,000 – 1,00,000= Rs.

How much money is earned from a petrol pump in one month?

How much money does petrol pump owner make in India?PARTICULARSTotalNet profitRs 3,58,000 MonthlyAverage sales per month400000 LitreYour commission per litreRs 3.0/litreGross earningRs 5,70,000 per month7 more rows•Jul 28, 2017

What type of business gives more profit?

Bookkeeping and Accounting With a net profit margin of 19.8%, bookkeeping, accounting, tax preparation, and payroll services have long been some of the most profitable businesses for entrepreneurs. As a bookkeeper, you can process invoices and payroll, compile expense reports, and more.

How can I apply for HPCL petrol pump?

For applying online for HPCL retail out the dealership, the applicant needs to visit HP retail webpage. From the main page click on ‘About HP retail’ option, the link will redirect to new page. In the new page select Petrol Pump Dealership from the menu bar. The link will move to a new page.

Which petrol bunk is best?

Top 6 Brands of Petrol Pumps in IndiaIndian Oil. Indian Oil Corporation is the biggest oil company and also India’s most profitable state-owned company. … Bharat Petroleum. … Hindustan Petroleum. … Shell. … Essar Oil.

Is petrol pump a profitable business?

For a normal petrol pump the profit margin shows 1.8% or so as a whole. It means selling of 1 litre of petrol incurs Rs. 1.8 profit margin. If for example a pump sells 400 Kilo-litre fuel and makes revenue of 10Lac.

What is the income of petrol pump?

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.

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

An average petrol pump sells 40,000 litres of petrol and 150,000 litres of diesel per month. Average income on that basis : PETROL : 40000 * 2.5 = Rs. 100000.