How much does it cost to set up a petrol station in Nigeria?

How much does it cost to set up a petrol station in Nigeria?

Construction: Depending on your design, you may need at least 6 Nozzle filling Station: i.e; 4 Petrol nozzlea, 1: Kerosene, 1: Diesel to make up a standard filling station. The construction cost will be around 30 Million naira (rough estimate).

How much does it cost to own a Engen franchise?

R2.6 million
Engen is currently selling a relatively small franchise in Gauteng for R2. 6 million, excluding stock and assets. It has no convenience store, and pumps an average of 267,000 litres of fuel per month. Engen requires 20% of this selling price in unencumbered cash and a working capital stash of R1.

Is fuel business profitable in Nigeria?

Oil and Gas Oil and gas business is very lucrative in Nigeria. It has turned lots of people into overnight billionaires and I believe if you are willing to take a bold step today and invest in this business, you would have no regrets.

How much is a tanker of petrol in Nigeria?

The minimum quantity of petrol product you can buy from NNPC Depot is one tanker of 30,000 litre that cost within 2million Naira.

How much does a petrol station make in a month?

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 much is a litre of fuel in Nigeria?

172.61 Nigerian Naira per liter
Nigeria: The price of octane-95 gasoline is 172.61 Nigerian Naira per liter….Nigeria Gasoline prices, litre, 16-May-2022.

How do I start a fuel station in Nigeria?

Steps to start a filling station business in Nigeria

1. Make a Business Plan. It is important and imperative that one decides on the type of oil marketer he wants to be.
2. Registration.
3. Start the Construction.
4. Placement of Tanks and more.
5. Hire Expert Engineers.
6. Staffing.

How much is PMS in Nigeria?

Average price paid by consumers for Premium Motor Spirit (petrol) decreased by -10.59% year-on-year and month-on-month by -0.89% to N129. 67 in May 2020 from N130. 84 in April 2020. States with the lowest average price of Premium Motor Spirit (petrol) were Abuja (N123.

How much is full tank of petrol in Nigeria?

Nigeria: The price of octane-95 gasoline is 172.61 Nigerian Naira per liter. For comparison, the average price of gasoline in the world for this period is 583.44 Nigerian Naira….Nigeria Gasoline prices, litre, 30-May-2022.

How much does it cost to buy a filling station in Nigeria?

The average price of filling stations for sale in Nigeria is ₦350,000,000. The most expensive filling station costs ₦3,500,000,000 while the cheapest costs ₦1,610,000.

Are petrol pumps profitable?

In India, starting a petrol pump is a high-investment business idea. Still, it is also a very profitable one, With petrol pump owners making around ₹3.5 lakhs monthly profit if they can sell 400000 litres of petrol at a commission rate of 3.0/litre.