How Much Does Petrol Cost In Uganda
What Is Petrol Station?
A filling station, also known as petrol station or gas station, is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline and diesel fuel.
How Much Does Petrol Cost In Uganda?
The initial investment cost for building a petrol station in Uganda is UGX 3145468140.00. The cost of starting a petrol station might be high, the good news is that there are many potential lenders and investors as there are prospective entrepreneurs.
How Many Petrol Stations Are In Uganda?
According to available data from the Ministry of Energy and Mineral Development, by September, there were 1,047 licensed petroleum retail outlets operating in Uganda. In addition, it is estimated that there are more than 2,000 other unlicensed fuel stations operating in the country.
How Much Profit Do Petrol Stations Make In Uganda?
A petrol pump owner in Uganda can earn up to UGX 17239470.73 every month. If your commission comes across as UGX 144.46 per litre then your monthly gross earning of UGX 27448319.31.
How Does A Petrol Station Work In Uganda?
Fuel is stored underground at filling stations until sale, when pumps lift the petrol from the tanks to above ground level, at the same time metering the amount of fuel sold. Petrol and diesel are kept separately from one another, as are normally the different grades of petrol.
How Much Fuel Is Stored At A Petrol Station In Uganda?
A typical gasoline station has a storage capacity of 30,000 to 40,000 gallons in underground tanks. In the past, these tanks were sometimes subject to spills from overfilling and to leaks caused by corrosion.
How Much Profit Do Petrol Stations Make On Fuel In Uganda?
A small local petrol station is likely to make more per litre than the large supermarket ones though. There is a good reason why nearly all filling stations are shops as well; profit margins on petrol are, according to the industry, around 2%, so they make most of their profits from overpriced sandwiches and drinks.
How Do I Start A Small Petrol Station In Uganda?
Write your business plan.
Register your business.
Secure funding.
Buy the property.
Secure a gas supplier contract.
Obtain necessary permits and licenses.
Get business insurance.
Market yourself.