A Petrol Filling Station owner who operates under his own name purchases items directly from NNPC and is represented by a representative and an assistant representative at the Petroleum Products Marketing Company (PPMC) depot.
Advantages
1. You operate your company under your own name and develop your own brand and marketing strategy.
2. You lift products straight from NNPC Depots at lower prices and earn a set amount each litre of petrol products lifted, and you can source your product from wherever.
3. You are not bound by the policies and standards of another organization, and you deal directly with the authorities and agencies. You run your firm on your own terms and policies.
Disadvantages
1. The smallest amount of petrol you can buy from a NNPC depot is a 30,000-litre tanker, which costs around 2 million Naira. As a result, you’ll need to figure out a way to pay for it.
2. You either have your own tanker to transport your items, or you must contract with a haulage company, which will cost money and may cause delays in delivery.
3. Because you are in charge of promoting your brand, you must engage in some sorts of advertising that are both costly and time-consuming.
4. Payment for NNPC petrol products must be made by bank draft payable to The Central Bank of Nigeria in the state from which you plan to lift. You’ll need to hire someone to do it for you.
5. You pay N5,000 to the Independent Petroleum Marketers Association of Nigeria (IPMAN) for insurance and membership fees each time you lift items.
6. Moving gasoline goods from depots to filling stations on your own entails numerous dangers, including accidents, fire, extortion, and cost. You’ll have to put up with it all.
7. Several times. You could have a difficult time getting supplies through the NNPC, but if you’re a Major Marketer’s Franchisee, you’ll be able to obtain as much as you want, whenever you want it, directly from them.
You can now choose the type of marketer you want to be using these, and once you’ve settled on your marketing status, the next step is to buy a property and construct your Petrol Station.
What is the volume of a fuel tanker?
Tank trucks are classified according to their size and volume capacity. The capacity of large vehicles normally ranges from 5,500 to 11,600 US gallons (20,800 to 43,900 L; 4,580 to 9,660 imp gal). Road trains with up to four trailers (known as Quad tankers) transport loads of more than 120,000 litres in Australia (26,000 imp gal; 32,000 US gal). Longer liquid-transporting road trains are also in use.
A tank truck is differentiated by its shape, which is usually a cylindrical tank mounted horizontally atop the vehicle. Some of the less obvious differences between tank trucks have to do with their intended usage, such as compliance with human food laws, refrigerated capability, acid resistance, pressurization capability, and so on. Multiple compartments or baffles will almost always be present in the tanks itself to prevent load movement from destabilizing the vehicle.
What is the cost of opening a gas station?
Fuel provision is a necessary service (at least for the time being) that accounts for more than 6% of South Africa’s gross domestic product (GDP). It is also one of the most robust industries in South Africa, and with the right approach, it can enjoy solid earnings even during economic downturns.
How much does it cost to open a petrol station business?
The cost of establishing a local petrol station varies between R15 million and R100 million, depending on the size and location. Furthermore, depending on the cost of development, predicted volumes, and profitability, the operation payment to the oil business ranges between R2.5 million and R15 million. Then there’s the typical working capital requirements for stock and operating expenses, which might range from R1.2 million to R1.5 million. Contrary to popular assumption, when the price of gasoline rises, the petrol station does not benefit. In reality, every R1 increase in fuel price necessitates an additional R100,000 in operating capital for the average service station. The RAS (short for Regulatory Accounting System) retailer margin, as estimated by the Department of Energy, is insufficient, and there is an under recovery of roughly seven cents per litre. What this all boils down to is that while a petrol station’s massive start-up expenditures are one thing, a successful petrol store also requires constant access to fuel.
What are the earnings of petrol station owners?
How much does a gas station owner make? In India, a fuel station owner can make up to Rs 3,58,000 per month. Your monthly gross earnings will be 5,70,000 Rupees if your commission is 3 Rupees per litre.
What is the maximum gasoline capacity of a tanker truck?
For loading and unloading liquids, tanker trucks are equipped with a pumping system. The 80,000-pound gross weight limit for trucks in the United States frequently limits the capacity. The maximum capacity of small tanker trucks is 3,000 gallons, while large tanker trucks have a maximum capacity of 11,600 gallons.
Do tankers transport both gasoline and diesel?
It’s Diesel, Gas-Oil, Kerosene, Paraffin, and Petrol; however, different types/grades of Petrol (e.g. 4 star, super unleaded, and unleaded) must be treated as independent types of fuel and noted separately in any papers.
How much gasoline does a gas station have on hand?
Underground petrol storage tanks usually come in capacities ranging from 2,000 to 100,000 litres. Because of their underground location, these tanks are less vulnerable to fire, explosions, theft, and impact damage. Underground gasoline storage tanks, as the name implies, take up relatively little above-ground space and require pipes for venting and access locations. For commercial forecourts, underground petrol tanks are frequently the best storage option.
For the vast majority of enterprises, however, above-ground storage tanks are preferable over subsurface tanks. Because subterranean petrol tanks necessitate extensive excavation, repairs are much more difficult and expensive, and leaks are more likely to go unreported, this is the case.