Maybe you wish to set up a petrol filling station in Nigeria or to become a petroleum marketer below tutorial will take you through all you need to know and how to set it up without stress.
Nigeria is one of the biggest oil producing nation in the world with a very huge crude oil deposits around the entire South South, South East, and South West region of the country, both tapped and untapped. Everything about oil is money, from exploration to exportation and marketing (crude or refined product), etc.
Further to being oil producers, Nigeria is also one of the biggest consumer of oil products in Africa with about 40million litres said to be consumed everyday. All the millions of cars and trucks on the Nigerian roads run on PMS or AGO (that is, petrol and diesel) everyday.
Almost every home in Nigeria have Generators that work almost all days to power homes and industries (We are writing this article with laptop powered by generator right now), and most of these millions of generators used in Nigeria run on petrol and diesel.
The Factories, Businesses, Schools, Hospitals, in fact everything in Nigeria depends on power generated privately from petroleum products consuming sets. And all these oil products are dispensed almost 100% through Petrol Filling Stations.
Therefore, If you can lay your hands on petrol filling station of your own, to market all these products, you're in for money. The demands for oil related products are very high, and suppliers seems to just can't be enough. Even the major oil marketers like Mobile, Total, Oando, Texaco, and so on are always looking for individual would be marketers who have the needed finance and logistics to sponsor in this business.
The current commodity prices for these petroleum refined products are high and that guarantees more profits for you - As at now (August, 2012) the prices of petroleum products are:
Petrol – N97.00 per litre
Diesel – N150.00 per litre
Kerosene – N130.00 per litre
These means that in Nigeria where 40million liters is said to be consumed daily on Petrol alone, a total of 97.00 x 40,000,000 = N3,880,000,000 are spent on fuel daily by Nigerian!
Now let's assume you buy a full tanker load of fuel with maximum load capacity of 30,000 litres. When the product is completely sold which usually take less than six days to sell (depending on where your Petrol Filling Station is and the demand at that time), the cash returns expected from that one tanker petrol product sells will be:READ MORE
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