Petrol Filling Station Business Plan in Nigeria (March 2020) PDF

When I was a little boy, my dad owned a Peugeot 405 wagon. One day we where at a filling station privately owned by a famous chief int the town. He got talking with his driver and they talked how the owner of that filling station must have made millions of dollars from the filling station business. Well I was quite young so I knew nothing about what they said because I couldn’t fathom how on Earth one could become so rich by having a filling station but as time went on i started to understand how it works and I have done some pretty research with my team to understand what you need to do to be ahead in this business.
As at 2003, a tanker load of Fuel contains up to 33 thousand litres. And as at then, the maximum gain from that one truck load of fuel was 3 million naira.Petrol Filling Station Business Plan in Nigeria

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If you are interested in going into this business, then you are in for a mega bucks. You will experience wealth like you have never experienced before. But before you go into this business you must have a well detailed knowledge of what Petrol Filling Station Business Plan in Nigeria is all about. When we talk about Petrol Filling Station Business in Nigeria, we mean filling station that sells fuel to users. They usually own a service station which is sometimes is located on the road side where refined petroleum products such as PMS (Premium Motor Spirit) Petrol, AGO (Automatic Gas Oil) Diesel, LPG(Liquefied Petroleum Gas) Gas, and DPK (Dual Purpose Kerosene) Kerosene are sold to customers by pump.

Having a Petrol Filling Station Business in Nigeria, is one of the most lucrative business anyone can venture into. One of the reasons why this business is so lucrative is because of it’s high demand for petroleum products across the nation. In terms of consuming petroleum products, Nigeria is too most consumers of petroleum products. Don’t just think we only use petroleum products for fueling our automobile. We still use them to fuel our generators, big Lister machines etc. We have a very poor record of power supply in our country and that has increased the need and demand for petroleum products. Another contributing factor is the fact that Nigeria is the most populated country in Africa and has the largest economy the whole of Africa and this means that there is money to throw around.

So we have established the fact that some of the reasons why this business is so lucrative is because of many factors which includes inadequate power supply in Nigeria. Remember that Companies, homes, hospitals, vehicles, small scale businesses need this petroleum products to be able to function in their day to day activities if not? Depending on power supply is gonna be detrimental to their business.

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While venturing into this business, you have to understand which particular type you want to go into. Before you go into this business, you want to understand the various ways you can do this business. They are

1. Reliant Filling station
2. Autonomous Filling station.
Whichever way you want to do this, is very fine and profitable. But let’s discuss them in few seconds.

Reliant Filling station – This type of petroleum business has to do with you building your business from another existing business. That is, for example when you as a dependent oil marketer holds the petroleum products of another Marketer in your filling station. This type of filling station, is quite easy because you are been supplied all the petroleum products that you ever need. These products are supplied to you when you need them, how you need them and at the exact time you need it.Petrol Filling Station Business Plan in Nigeria

One major challenge you could very much face with this reliant filling station is the fact that the terms, conditions and policies of the business are the decisions of the major marketers and also the price of the petroleum products are usually higher than the normal price because because of all the benefits you stand to gain as a reliant filling station.

Autonomous Filling Station

This means a dealer who owns his or her own filling station. This means that the filing station unlike the reliant filling station runs independently by the filling station owner. He purchases his petroleum products from representative at the Petroleum Products Marketing Company (PPMC). These independent dealers actually Nigerian National Petroleum Corporation or any oil and gas company. In this type of filling station, you own vertically everything. Nothing is shared except it’s a cooperative business. You are in charge of your business, from supplying of petroleum products to logistics to how the products are been delivered to your filling station etc. You are the boss.

The advantage of autonomous filling station is that the terms and policies of your company will be decided by you. You alone can decide the pace of your business. From our team of experts one can easily start with at least 2-3 tankers, and each is like 33 thousand litres.

How to Start

First and foremost we must tell ourselves some basic truths. Filling station business is capital intensive. Let this be registered in your heart. While you set up a petroleum for station there are some factors that needs to be taken cognizant of else you will blow your business it loses. Let’s discuss them bit by bit.

Registration

For any business to have a legal standing in this country, it must be a registered company. This will enable you carry out some functions. You can be able to obtain loans, grants etc. So the next question is who do you register your company with? You do that with the corporate affairs commission. They are the body generally given the Constitutional right to register a company’s name. But for this type off business, you still have to obtain some permit to be able to do this business here Nigeria. Agencies like, NUPENG and PEGASSAN etc. You have to register with these bodies.

We have a well written article on how you can register your business name in Nigeria. Click here to view. Below are the names of the bodies you will need to get license from and the process of doing so is not difficult at all.
You need license from this bodies
NNPC – Nigerian National Petroleum Corporation
DPR – Department of Petroleum Resources
PPMC- Pipeline and Products Marketing Company
PPPRA – Petroleum Products Price Regulatory Agency\

Petrol Filling Station Business Plan in Nigeria

Location

If you miss this, trust me you have actually missed it. Where you locate your filling station business matters most in this morning just because, if don’t get it right based on the strategic location, then you will run in cycles. According to our business experts, location in this business is the bedrock of the business. No matter where your business is located, you will find customers that’s the basic truth but do you know that location is can also paralyze your business? You have to locate your business where it will be easy for clients to locate you and quite easy for them to get to.

There are some quality and bogus filling station that I have seen but do you what? Their location has become a major problem. I am seeing giant structures turning into a waste because of the choice of bad location. The issue of good location can’t be overemphasized at all. Make the right choice regarding location and you will forever be grateful.

It will be more better and rewarding if petroleum filling station be stationed along a major road that alone will be perfect. Let it be easily accessible to your customers. The place should be very spacious so that many people and their automobile can enter for purchase of petroleum products. For a start I will advise that you start with at least four pumps for petrol then two for Petrol (PMS), one for Diesel (AGO) and one for Kerosene (DPK)

Knowledge is key in this business. You must be able understand some of aspect of this business else you will be cheated and that’s where we got you covered with our Filling station business plan in Nigeria. In it, you will see the necessary requirements needed to run your own Petrol station.

To place an order, pay N20,000 to

GTBank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721

This petroleum business plan is a very rich one and having this business plan, you get to learn allot like How to start, capital needed, method of operation, etc. So I will advise that you get it. A business plan as it where, is just like a road map for business and it is a must that every business man should have one because is is highly recommended to run a successful Petrol station business in Nigeria.

There is a need for Storage tank because this is another important aspect to consider before you set up a Petrol filling station. Every kind of petroleum products as it where, will have their own underground storage tank. There is no specific size of the underground tank, the size is dependent on the size of the filling station itself. And the size depends on the amount of capital you have to setup the business.

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When you see a big and long petroleum tanker, what you see most times is the phrase “highly inflammable” and this is so so true. Caution cannot be thrown into the wind. Therefore, all safety measures must be adhered to at all time.

This also includes that all necessary signs and notices should be placed on areas where they are needed and where they can also easily be seen.

There is always a need for your staffs and attendants be trained and cautioned about their work ethics. From our experts, they have advised that those who are very smart and Careful be the ones in the area of the station.

There are things that are certain in a business and i tell you the truth, in petroleum business, selling of your products is a sure thing but how you grow your business from one level to the next one, is totally dependent on you and you alone. What I will advise that as you grow in this business, try as much as possible to ensure that you stick to what we have given you on Petrol Filling Station Business Plan in Nigeria and that’s like a manual guide to you.

Insurance

Now one of the top secrets in this business, is in insuring your goods. Remember when i said something about a phrase “highly inflammable”? Yeah. That’s it. Most times many dealers lose their products to fire outbreak which for me is really avoidable but should it happen is that the end of this business? A far cry from no and no. You have to insure your business against fire outbreak, theft etc.

Our well packaged and well detailed sample Petrol Filling Station Business Plan in Nigeria can be used to access bank loans, proposal writing and grant applications.

The business plan was recently complied after a thorough feasibility study on Printing Press Business in Nigeria was done by our experts.

To place an order, pay N20,000 to

GTBank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721

After payment text your name, send a text of your e-mail address to 09066078526 and you’ll receive your PETROL FILLING STATION BUSINESS PLAN / FEASIBILITY STUDIES STUDY.

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