What is the salary of petrol pump owner in India?
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.
What is the commission for petrol pump owners?
Rs 3.54 per litre
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.
Are petrol pump owners rich?
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.
Is Essar petrol pump profitable?
What is the Profit Margin in Petrol Pump Business? Essar oil dealership model is not only simple but also lucrative to ensure steady operating profits and returns on your investments. A performance-based return on investment at 5% per annum on the capital expenditure will be made onsite and infrastructure development.
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.
What is Jio BP franchise?
Reliance BP Mobility Ltd (RBML), is a joint venture between two iconic brands, Reliance Industries Limited & bp. The JV was announced on July 9th 2020. Operating under the “Jio-bp” brand, the joint venture aims to become a leading player in India’s fuels and mobility markets.
Why Reliance petrol pump is closed?
MUMBAI: Reliance Industries, the country s largest private sector company, has decided to shut down all the petroleum retail outlets owned by it directly as surging crude prices and the absence of government subsidies have made operations unviable. We have decided to close all our company-owned retail outlets.
Who is the owner of Essar petrol pump?
Essar Group is an Indian multinational conglomerate and construction company, founded by Shashi Ruia and Ravi Ruia in 1969….Essar Group.
| Official logo | |
|---|---|
| Essar House (Headquarters), Mumbai, India | |
| Type | Private |
| Industry | Conglomerate |
| Founded | 1969 |
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.