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How To Set Up A Mini Kerosene Depot And Make Money - Business - Nairaland

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How To Set Up A Mini Kerosene Depot And Make Money by dguvnur(m): 2:27pm On Oct 17, 2012
This article will show you how to set up a mini kerosene depot business and start raking in big cash on a regular basis.

Dual purpose kerosene (DPK) probably has the highest market demand per liter profit of the three commonly used petroleum products; PMS, AGO and DPK. It is used in cooking and in other household domestic purposes.

Kerosene storage and sales business is one of the easiest and cheapest oil and gas business you can invest in. Kerosene business is a very lucrative business but it is as well volatile. You have to constantly watch the market. Profit can be from N30 to N40 per liter, sometimes you get it from the depot at N130, but on retail it would be about N150 to N250.In a normal situation where there is no scarcity, you can make between N10 to N35 per liter on kerosene. Kerosene business is therefore highly lucrative if done properly.

Starting a Mini-Kerosene Sales business

If you are starting with below 10, 000 liters of kerosene, the law excludes you from obligation to obtain a license to venture into the kerosene storage and sales business because it is regarded as a small scale business. Basically to start a kerosene business, some people decide to build storage tanks but it isnt necessary. Depending on the size of the tank, it could be between N150, 000 to N200, 000 liters. But to reduce your capital, you could get drums of 200 liters. They cost about N3, 000 to N3, 500 depending on where you are buying them from. Starting with 1, 000 liters, you need just five drums. In this case you only need to get buckets and measuring cans.

Also, you need to know someone or a petrol station that has constant supply of kerosene. A trader in oil and gas that can supply you regularly and you are in business. You can store up to 10, 000 liters in your residential house.

Kerosene: N140 per liter x 1, 000 = N140, 000

Transportation: N5 per liter x 1, 000 liters = N5, 000

Drums: N3, 500 x 5 = N17, 500

Funnels, Jerry-cans, hoses etc = N5, 000.

So, roughly with N200, 000, you can start kerosene business on a small scale.

Profitability

You would have observed that the selling price of kerosene varies from time to time and place to place. The forces of demand and supply determine the price of kerosene and the profit potential. The profit potential is usually estimated per liter. Today, kerosene profits range from N10 to N35 per liter or even more depending on availability. You can make between N10 to N35 per liter. If you get it at N140 per liter for example, you simply add an extra charge of N5 per litter to get it to your location. Let’s assume you bought 1, 000 at N140 per liter (price is subject to change reflecting the oil prices at the current time); N140 x 1, 000 liters = N140, 000 plus N5 per liter transport cost on 1, 000 liters which is N5, 000 making a total of N145, 000.You can add N20 on each liter, though depending on the area you are situated. In all, you would have made a profit of N20, 000. Depending on your location, you can sell 1, 000 liters in a day.

read more: www..com, check or click on the business category to get the full information.

Re: How To Set Up A Mini Kerosene Depot And Make Money by sunbbo(m): 8:17pm On Nov 04, 2012
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1 Like

Re: How To Set Up A Mini Kerosene Depot And Make Money by abayobo: 5:56pm On Jan 20, 2013
we also supply kerosine and diesel to your doorstep at convenient prices you can contact us on:08103194010,08130107734,08154758481
Re: How To Set Up A Mini Kerosene Depot And Make Money by ticon4life(m): 9:46am On Jan 22, 2013
should we make a deal? i have many buyers but mostly 2000- 10000litres,if is possible and you have products and truck to distribute,let me know so as to schedule our meeting on how to be a partner in this business.
thanks.
Re: How To Set Up A Mini Kerosene Depot And Make Money by Danyl(m): 9:54am On Jan 22, 2013
sunbbo: We are in to suppling of kerosene(dpk) and diesel(ago) at any quantity to any part of nigeria. You can reach us on 08059205086, 08107769153 or you can do a mail to us @ talk2sunbo4u@yahoo.com
How much is your supplies now, we once talked about this through my email at olabiyi007@gmail.com
Re: How To Set Up A Mini Kerosene Depot And Make Money by Chiefigho: 8:10pm On Feb 17, 2013
i can supply DPK for N115 per liter..... if interested call 08062493612
Re: How To Set Up A Mini Kerosene Depot And Make Money by Chiefigho: 8:15pm On Feb 17, 2013
ticon4life: should we make a deal? i have many buyers but mostly 2000- 10000litres,if is possible and you have products and truck to distribute,let me know so as to schedule our meeting on how to be a partner in this business.
thanks.

i can supply u at 115 per liters for 2000 litters and 110 per liters for 10,000 liters
Re: How To Set Up A Mini Kerosene Depot And Make Money by onyeka205(m): 8:45pm On Feb 17, 2013
Chief igho:

i can supply u at 115 per liters for 2000 litters and 110 per liters for 10,000 liters

I have a buyer who may need up to 50, 000 metric tons, can you supply? At what price and method of supply? Call 08035426409 if you can.
Re: How To Set Up A Mini Kerosene Depot And Make Money by abayobo: 11:56pm On May 16, 2013
adelat oil & gas we are into supply of petrol, diesel, kerosene and we deliver to your doorsteps at covinient prices call: 08103194010,08130107734 or email us: adedranayo@ymail.com no scam no fraud you see your product before we ask you to pay any money
Re: How To Set Up A Mini Kerosene Depot And Make Money by remioshy(f): 11:55pm On May 18, 2013
good biz idea, im interested in setting this for my dad
Re: How To Set Up A Mini Kerosene Depot And Make Money by code1: 6:06pm On May 19, 2013
If you are interested in purchasing any Building Materials, like TILES, POP, SANITARY WARES, SLIDDING DOORS, WINDOWS, GENERAL GLASS PRODUCTS, MOSAIC TILES,E.T.C call me on my phone number for relative cheap prices 08023235881 or 08152746583
Re: How To Set Up A Mini Kerosene Depot And Make Money by sextail(m): 8:35pm On May 19, 2013
Chief igho: i can supply DPK for N115 per liter..... if interested call 08062493612

Pls can we chat online? Better yet wif mail at olalekantunji@yahoo.com!! Tanx
Re: How To Set Up A Mini Kerosene Depot And Make Money by kayjegs: 3:16pm On May 20, 2013
You can also learn more about businesses to invest on including petroleum

https://www.nairaland.com/1163912/funds-not-business-actually-need
Re: How To Set Up A Mini Kerosene Depot And Make Money by Nobody: 10:37am On Sep 07, 2013
08059875729. Call me if u live around Kola, Ijaiye/Agbado axis 4 ur DPK...
Re: How To Set Up A Mini Kerosene Depot And Make Money by kayjegs: 7:09pm On Oct 30, 2013
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Re: How To Set Up A Mini Kerosene Depot And Make Money by vpaymoney(m): 9:57pm On Oct 30, 2013
Chief igho: i can supply DPK for N115 per liter..... if interested call 08062493612
@op g i used to buy 10ltrs for #700 . i dnt really knw d price nw bt dat ur price is on d high side.
Re: How To Set Up A Mini Kerosene Depot And Make Money by justlanreaji: 10:32am On Oct 31, 2013
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Re: How To Set Up A Mini Kerosene Depot And Make Money by millhouse: 9:34am On Nov 02, 2013
Nice
Re: How To Set Up A Mini Kerosene Depot And Make Money by juliebrown: 10:46pm On Nov 02, 2013
Pld keep dis thread going
Re: How To Set Up A Mini Kerosene Depot And Make Money by mcfynest(m): 11:43pm On Nov 02, 2013
please how much can one get that machine used in dispensing petrol maybe a small one for kerosene? any body please.....
Re: How To Set Up A Mini Kerosene Depot And Make Money by abrandy2011: 10:40pm On Aug 29, 2014
For ur guality and unadortrated Diesel (AGO) and Kerosene (DPK) @ ur door-step @ afordable price,any quantity.pls contact us on 08035920824,08181363541 or eimail:abrandy2011@yahoo.com
Re: How To Set Up A Mini Kerosene Depot And Make Money by juliebrown: 8:42am On Aug 30, 2014
mcfynest: please how much can one get that machine used in dispensing petrol maybe a small one for kerosene? any body please.....
I have for sale. Wats ur location
Re: How To Set Up A Mini Kerosene Depot And Make Money by Nobody: 10:18am On Aug 31, 2014
I have three of this mini fuel dispenser,sold 2 and one left for the lucky buyer....suitable for kerosene business especially if you are starting small with 5000ltrs tank or 10,000ltrs tank.

very strong and it comes with:
1. Hose and Nozzle.
2. Meter
3. Pump.
4. Electric motor.

Suitable for your purpose and can work with a smaller generator in case their is no light.

Thanks

my location is abule egba,Lagos.
08033398267.

Re: How To Set Up A Mini Kerosene Depot And Make Money by mcfynest(m): 7:28am On Sep 03, 2014
juliebrown:
I have for sale. Wats ur location

how much and how do you intend getting to me. am in lagos
Re: How To Set Up A Mini Kerosene Depot And Make Money by juliebrown: 1:08pm On Sep 05, 2014
mcfynest:

how much and how do you intend getting to me. am in lagos

Am in lokoja n d price is 120K u only need to change d electric motor aside dat its has no issue,the unit is tokheim unit which is one of d best
Re: How To Set Up A Mini Kerosene Depot And Make Money by mcfynest(m): 7:42am On Sep 09, 2014
juliebrown:
Am in lokoja n d price is 120K u only need to change d electric motor aside dat its has no issue,the unit is tokheim unit which is one of d best

Do you have a contact on how i can get kerosene?
Re: How To Set Up A Mini Kerosene Depot And Make Money by Homguy(m): 12:18pm On Sep 09, 2014
juliebrown:
I have for sale. Wats ur location
how much is it?
Re: How To Set Up A Mini Kerosene Depot And Make Money by akinsdeji(m): 3:24pm On Sep 09, 2014
can anybody supply dpk(kerosene) btw 2000ltr and 5000ltr to abeokuta ogun state

mail me on johndeji@live.com with your price
Re: How To Set Up A Mini Kerosene Depot And Make Money by juliebrown: 11:15am On Sep 17, 2014
mcfynest:

Do you have a contact on how i can get kerosene?
I only have contact within kogi n it environs bt dia are plenty supplier in lagos dat if make ur findings u will get
Re: How To Set Up A Mini Kerosene Depot And Make Money by juliebrown: 11:17am On Sep 17, 2014
Homguy: how much is it?
Its 120k bt u need to change d electric motor for 100% efficiency thou its working
Re: How To Set Up A Mini Kerosene Depot And Make Money by Ayostically: 11:58am On Sep 17, 2014
juliebrown:
I only have contact within kogi n it environs bt dia are plenty supplier in lagos dat if make ur findings u will get
I'm interesd. D location is ida in kogi
Re: How To Set Up A Mini Kerosene Depot And Make Money by juliebrown: 8:06pm On Sep 18, 2014
Ayostically:
I'm interesd. D location is ida in kogi
Interested in wat? Is it d pump or d supplier

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