How Profitable Is Filling Station Business In Nigeria

How Profitable Is Filling Station Business In Nigeria. Mike adenuga, one of nigeria’s wealthiest men who also runs the successful telecommunications business glo, leads the business. 1.location(you will need to buy or less the land which you intend to set up the filling station)which is determined by the.

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Profit potential in diesel supply business you can get 33,000 litres of diesel from major distributors and nnpc at n2. How to own a petrol filling station in nigeria 2. Research has shown that there are more than 20,000 filling stations in nigeria, and yet it still needs more.

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Another profitable oil and gas related business that an entrepreneur who is looking towards starting a business should consider starting. Petrol filling station in nigeria is a high investment business opportunity, it is very profitable and lucrative here in nigeria.

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In the few months following startup, it is estimated that the company will have a 20% profit capitalization as returns on investment (roi). How profitable is diesel supply business in nigeria?

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A truck is 30,000 or 33, 000 litres. Then you should have at least n6m to purchase products, if into dealership with a major, you.

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Hence your estimated profit when starting the business should be approximately 12 million naira. 1.location(you will need to buy or less the land which you intend to set up the filling station)which is determined by the.

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Guy, it wont cost you more than 50million. The oil and gas sector in nigeria is the most competitive industry which is growing on a daily basis.

A Filling Station Is A Place Where The Premium Motor Spirit (Pms), Diesel (Ago), Cooking Gas And Kerosene (Dpk) Etc.

5 at the unit cost of n78 per litres. A truck is 30,000 or 33, 000 litres. Let’s take the 12.5kg cylinder as a case study, the average profit you make from 12.5kg cylinder of cooking gas is n500.

The Oil And Gas Sector In Nigeria Is The Most Competitive Industry Which Is Growing On A Daily Basis.

Conoil is nigeria’s first private oil business to sell oil and gas products in large quantities. You run your business under your own chosen name and build your own brand and marketing logistics. A truck of 33,000 liters of diesel to retailers like filling stations supplied at unit cost of n88 will give you a profit margin of n10.

Please Note That The Cost Might Be Decrease Or Increase Depending On The Level You Want To Run It.

Research has shown that there are more than 20,000 filling stations in nigeria, and yet it still needs more. Mike adenuga, one of nigeria’s wealthiest men who also runs the successful telecommunications business glo, leads the business. Oil and gas is one of the biggest sectors in the world, and it is one of the consumable products in the world (africa, asia, europe, america etc).

These Filling Stations Make Nothing Less Than 10 Million Naira Profit Every Day (Depending On Location).

Filling station business is highly lucrative and profitable but it is capital intensive and requires huge investment. Imagine how good this business is assuming you sell the three products off in a week i.e. How profitable is diesel supply business in nigeria?

There Is At Least A N3 Gain Margin For Every Litre Of Pms (After All Costs Have Been Deducted).

If a station gets two 30,000 litre trucks a day, that is n3 x 60,000 litres = n180, 000 a day. The company is capital intensive and the palm oil is sold according to customer demand. A normal allocation to a station is 2 trucks a day.