How much profit do a petrol pump owner gets per litre in India?
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How much profit do a petrol pump owner gets per litre in India?
How much does a petrol pump owner earn? 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 petrol prices are regulated in India?
The price for petrol and diesel is revised at 6 am every day and the price of crude oil in the international market directly influences fuel prices in India. As international prices rise the import cost also increases. As of June 16, the base (actual) price of petrol in Delhi cost Rs 37.29 per litre.
Who decides the price of oil?
Unlike most products, oil prices are not determined entirely by supply, demand, and market sentiment toward the physical product. Rather, supply, demand, and sentiment toward oil futures contracts, which are traded heavily by speculators, play a dominant role in price determination.
Who can set up a petrol pump in India?
• As per the existing Government policy, Petrol Pumps can be set up by Public Sector Oil Companies as well as Private Sector Oil Companies dealing in storage and distribution of petroleum products as per guidelines. Presently, the Oil Companies engaged in retail business of automotive fuels are IOC, HPC, BPC, NRL, MRPL, ONGC, RIL, Essar and Shell.
Is commission to petrol pump dealers fixed per litre?
Announcing the decision, IOC Chairman Sanjiv Singh said commission to petrol pump dealers was previously paid as fixed amount per litre and was uniform for all operators irrespective of their size.
What are petrol pumps?
In Oil Industry parlance, Petrol Pumps are referred to as Retail Outlets (ROs). • As per the existing Government policy, Petrol Pumps can be set up by Public Sector Oil Companies as well as Private Sector Oil Companies dealing in storage and distribution of petroleum products as per guidelines.
What is the Commission on sale of petrol and diesel in India?
For those with up to 170 kl sale, the commission would be 57.05 paise per litre for petrol and 46.5 paise a litre for diesel. Outlets with sale up to 600 kl would get 57.10 paise on petrol and 42.3 paise on diesel and those with sale of 1,200 kl would get 45.26 paise per litre on petrol and 33.5 paise on diesel.