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Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 8:47am On Oct 08, 2016
Executive Summary

A lot of investment opportunities abound in the oil and gas industry in Nigeria and one of
such opportunities is in distribution, storage and marketing of refined petroleum products.
Petroleum products are among the most valuable natural resources abundantly available in
our country. Nigerians and people everywhere use petroleum products as a fuel in their
automobiles, generating sets, industrial plants and for cooking purposes, thus making
petroleum products an essential commodity that is needed for the daily operations of
individual, industrial and national activities.


Nigeria being an oil producing nation however still relies on imported petroleum products
for the servicing of the economy. Such petroleum products as Petrol
(PMS), Diesel (AGO) and kerosene (DPK) are products utilized by almost everybody on
daily basis at an average of 10 million litres daily usage.

Due to increasing level of standard of living, more Nigerians are increasing the number of
cars on the road, the need for constant power supply to aid uninterrupted production of
goods and services and also for domestic use more Nigerians are increasing the demand for
fuel in order to enjoy the usage of their generating sets and industrial plants
Currently, the demand drive daily average consumption of the three main refinery product
streams is as follows:

Premium motor spirit (Petrol) 40,000,000 Liters
Automotive Gasoil (Diesel) 18,000,000 Liters
Household kerosene 13, 000,000 Liters

Thus, the need for service filling station is on the rise. More succinctly, the growing
population of car owners and increased movement of the populace from one place to
another have been on the increase lately and this has not been matched by the number of
filling stations on the up-spring, making the market under-serviced.

This filling station project involves starting a fuel service filling station in any big city in
Nigeria which will market petroleum product (AGO, PMS&DPK). The service filling station
will be equipped with modern dispensing pumps & generators.

The SWOT analysis showed that the opportunities of the business outweigh the challenges
and was concluded that fuel service station idea is healthy and feasible in Nigeria

http://nairamarkets.com

Drop your mail here to get the full report :
what's app or call for more info :08077918755 ,08105630147
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by futurekin(m): 9:10am On Oct 08, 2016
Beulahrtm@gmail.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 9:25am On Oct 08, 2016
1.0 Project Brief

This objective of this document is to provide information regarding investment opportunity
for starting a fuel service station in any commercial city in Nigeria.
The station would have the capacity of refueling 40 cars / hour

1.1 Proposed Business Legal Status

The legal status of business tends to play an important role in any setup; the proposed
service filling station is assumed to operate on as a private limited company.it is mandatory
for petroleum traders to be registered as a limited liability company.
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by STARGREEN(m): 9:40am On Oct 08, 2016
uchestaronline@yahoo.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by Bunk20: 11:19am On Oct 08, 2016
richard. udeozo@yahoo.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by tonyawo: 12:58pm On Oct 08, 2016
leyeawo @yahoo.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 1:36pm On Oct 08, 2016
1.2 Opportunity Rationale

Transport is one of the most essential sectors of an economy and direct customer for this
project.

This sector facilitates the peoples not only in traveling but also in the transportation of
goods and services throughout the country. The population of Nigeria is growing with the
rate of around 2.54 percent per annum which shows an increase of 5.1 Million people each
year. In order to facilitate the growing population not only the number of motor vehicle is
increasing e.g. The total number of registered vehicles within Lagos is estimated at 240,963
in 2012 compared with 210,798 vehicles registered in 2011. These figures represent an
increase of 30,165 or 14.31% over the 2011 figures, and the functional petrol filling stations
were 1,751 at the end of year 2012. By the year 2016 they would have tremendously grown
up to 2300 functional Stations and over 500,000 vehicles as a result of increasing
commercial activities and the buildings in Lagos.

Motor vehicles registered for private use in year 2012 numbered 186,429 as against 153,181
in 2011, representing an increase of 33,248 or 21.71%. Out of the total motor vehicles
registered for private use in 2012. 169,659 or 91.0% of the number were saloon/station
wagons.

The number of vehicles registered for commercial use increased from 32,490 in 2011 to
32,978 in the year 2012 representing an increase of 488 or 1.50%. Minibuses and
Omnibuses accounted for 12,966 and 764 or 39.32% and 2.32% respectively of the vehicles
registered for commercial use while saloon/station wagons including taxi cabs represented
7,357 or 22.31% of the total figure registered in 2012.

The above growth rates present an opportunity for the new entrants to earn profits by
setting up new petrol filling stations to meet the growing demand.
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by sugarsoul(m): 8:35pm On Oct 08, 2016
bro pls mail me sakugbe@gmail.com. thanks
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 10:57pm On Oct 08, 2016
1.3 Proposed Capacity

The capacity selection is a critical matter that should be decided through market research.
In this pre-feasibility study, the fuel service station will be capable refueling up to 40cars
per hour.


1.4 Break-Down Capital Expenses


Startup Capex

No Item Cost (N) Description
1 Land 10,000,000
2 Civil works 5,000,000
3 Dispenser & Underground
tanks & other equipment
15,000,000
4 Office equipment 150,000
5 furniture & fittings 150,000
6 license & Permit 1,500,000
7 Pre-operating expenses 1,000,000
8 Other Capex 200,000
Tot
al
33,000,000.00

1 Like

Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by KayB: 2:39am On Oct 09, 2016
Interesting business research
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 9:51am On Oct 09, 2016
1.5 Break-Down Working Capital

Start-up Opex & Opening stock

No Item Cost (N) Description
1 Salaries(one month
175,000.00
2 Product supplies ( one week)
15,000,000.00
3 Electricity/Diesel monthly
25,000.00
4 Maintenance
30,000.00
8 Other Opex
30,000.00
Total
15,260,000.00
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 7:39am On Oct 10, 2016
1.6 Project cost

Cost of Project 48,260,000.00
Loan 38,608,000.00
Equity 9,652,000.00

2.0 Market

The efficient distribution of petroleum products has always been part of the Government’s
petroleum policy, which is reflected in the efforts made by the government establishing
NNPC mega stations across various states in the country in order to meet the increasing
demand for petroleum products.

Geo political zone Major marketer Independent
Marketer
TOTAL NO OF
OUTLET
North central 355 1318 1673
North east 163 726 889
North west 265 1023 1288
South east 194 1227 1421
South south 224 1519 1743
South west 1017 2135 3152
Total 2218 7948 10166
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by Jon3nity(m): 10:01am On Oct 10, 2016
jon3nity.oj@gmail.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 9:56am On Oct 11, 2016
2.1 Target Customers

The target customers for the proposed project would be the private and commercial
vehicles running on Petrol fuel, private and commercial motor cycles, owners of generating
sets for private and commercial usage.

2.2 Market Demand

At present there are more than 15,000 vehicles plying MILE 12 – IKORODU route as it is
the only route from Lagos mainland to ikorodu and its environs , being a FEDERAL
GOVERNMENT road & also inter-state route underscores the economic viability of the
project.

Also , Due to the increasing epileptic nature of power supply, the demand for
petroleum products have been on the rise as almost every business and residential
apartment in ikorodu and its environs now rely more on generators for constant and
uninterrupted power.

2.3 Market Supply

Breakdown of Retail fuel station for petroleum products in all the States of the Federation,
(a total of 24,226 outlets), namely:

S/N State No of fuel Station
1 ABIA 778
2 ABUJA 303
3 ADAMAWA 390
4 AKWA IBOM 784
5 ANAMBRA 695
6 BAUCHI 385
7 BAYELSA 68
8 BENUE 635
9 BORNO 913
10 CROSS RIVER 550
11 DELTA 742
12 EBONYI 190
13 EDO 465
14 EKITI 210
15 ENUGU 697
16 GOMBE 291

17 IMO 867
18 JIGAWA 298
19 KADUNA 1126
20 KANO 1034
21 KASTINA 442
22 KEBBI 526
23 KOGI 385
24 KWARA 827
25 LAGOS 1751
26 NASSARAWA 348
27 NIGER 522
28 OGUN 2,207
29 ONDO 743
30 OSUN 970
31 OYO 1,657
32 PLATEAU 552
33 RIVERS 719
34 SOKOTO 337
35 TARABA 336
36 YOBE 276
37 ZAMFARA 207
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by ddonolu: 12:07pm On Oct 11, 2016
lazybone1:
2.1 Target Customers

The target customers for the proposed project would be the private and commercial
vehicles running on Petrol fuel, private and commercial motor cycles, owners of generating
sets for private and commercial usage.

2.2 Market Demand

At present there are more than 15,000 vehicles plying MILE 12 – IKORODU route as it is
the only route from Lagos mainland to ikorodu and its environs , being a FEDERAL
GOVERNMENT road & also inter-state route underscores the economic viability of the
project.

Also , Due to the increasing epileptic nature of power supply, the demand for
petroleum products have been on the rise as almost every business and residential
apartment in ikorodu and its environs now rely more on generators for constant and
uninterrupted power.

2.3 Market Supply

Breakdown of Retail fuel station for petroleum products in all the States of the Federation,
(a total of 24,226 outlets), namely:

S/N State No of fuel Station
1 ABIA 778
2 ABUJA 303
3 ADAMAWA 390
4 AKWA IBOM 784
5 ANAMBRA 695
6 BAUCHI 385
7 BAYELSA 68
8 BENUE 635
9 BORNO 913
10 CROSS RIVER 550
11 DELTA 742
12 EBONYI 190
13 EDO 465
14 EKITI 210
15 ENUGU 697
16 GOMBE 291

17 IMO 867
18 JIGAWA 298
19 KADUNA 1126
20 KANO 1034
21 KASTINA 442
22 KEBBI 526
23 KOGI 385
24 KWARA 827
25 LAGOS 1751
26 NASSARAWA 348
27 NIGER 522
28 OGUN 2,207
29 ONDO 743
30 OSUN 970
31 OYO 1,657
32 PLATEAU 552
33 RIVERS 719
34 SOKOTO 337
35 TARABA 336
36 YOBE 276
37 ZAMFARA 207

ddonolu@yahoo.com.... thanks
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 10:00am On Oct 17, 2016
2.4 Industry Growth

There has been a tremendous growth in the transportation sector as well as the fueling
station or retail outlets over the past years. Due to the growing demand of petroleum
products new marketing companies are commencing their operation.

3.0 Regulations & Licenses

3.1 License


Obtaining a license from Ministry of Petroleum and Natural Resources and
Department of Petroleum Resources (DPR) is a pre-requisite for setting-up the Motor Fuel
Filling station. The cost associated with this license is N1 25,000
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 8:28am On Oct 24, 2016
3.2 Certificate (by DPR)

After the installation of the required equipment for the Fuel filling station, DPR will inspect
the working of the equipment, and once satisfied, will issue a certificate verifying that the
installed equipment is up to the required standards. The cost associated with this
certification is N1 35,000.

3.3 NOCs

No Objection Certificate will be required from the following departments prior to the
commencement of the business:

 Certificate of incorporation of company
 Approval to construct/letter of release
 Police report
 Certified true copy of memorandum and article of association
 fire report
 Current three year tax clearance certificate
 pressure test certificate
 Approved building plan Certificate of incorporation of company
 Approval to construct/letter of release
 Police report
 Certified true copy of memorandum and article of association
 fire report
 Current three year tax clearance certificate
 pressure test certificate
 Approved building plan
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 11:42am On Oct 25, 2016
3.4 Guidelines for Setting up Of Motor-Fuel Filling Stations

Basic Principles

The governing consideration is to minimize, as much as possible, interference to normal
flow of traffic on the road by vehicles using the amenity and also to ensure safety.

3.4.1 General Conditions of Sitting:

 The Clear distance between two adjacent fuel filling stations (these will also include
fuel filling – cum – service station) should not be less than 300 Metres.
 Fuel filling stations should be well distributed on both sides of the road so that
vehicles do not have to cut across the traffic to reach a fuel filling station. The fuel
filling station on opposite sides shall be staggered.
 Sitting of fuel filling stations near existing check barriers should be avoided.
They should be at least 1 km away from the check barrier.
 The distance between the tangent points of the curves of the side road and that of the
fuel filling station measured in a direction parallel to the centre line of the road
should not be less than 100 metres and the station should be located only in the
outbound direction. However, on expressway and arterial road having dual
carriageway, the distance from the junction should not be less than 300 metres.

http://nairamarkets.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 12:05am On Oct 28, 2016
3.5 Frontage:

For free flow of vehicles into and out of the fuel filling station, the site should permit
construction of wide entrance and exit with easy access. It is, therefore, desirable to have
the longest possible frontage, the minimum being 30 Metres. The minimum Entry and Exit
width should be 9 metres.

4.0 Project Inputs

4.1 Project Financing

The total cost of the project is N48.26 million including the working capital of N15.26
million. The sponsors of the project will contribute N9.652 million and the bank will finance
the remaining amount of N38.608 million.
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by Sampi4me(m): 7:33am On Oct 28, 2016
please send to my mail sam_gft@yahoo.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by HeliosHay(m): 10:43am On Oct 28, 2016
Great work! please send to me: businessdeals@yahoo.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by OmerianConsult: 10:47am On Oct 28, 2016
Please send a copy to omerianconsult@gmail.com.
Thank you.
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 10:29pm On Oct 30, 2016
4.2 Project Location

For setting up a Fuel filling station, location is the prime factor. As per the
requirements of the Federal Government, the filling station must be situated in a
commercial area. Fuel filling stations are not allowed to be installed in the residential
areas.

4.2.1 Land


A minimum of nine thousand (9000) square feet of land with at least 75 feet front opening
is required for installing Fuel filling station. An amount of N15 million has been allocated
for the acquisition of nine thousand square feet of commercial land in Lagos.
In this report, prices of commercial land in Ikorodu has been considered, however, prices
may considerably vary in the other places like Lekki or Maryland and other areas of
commercial nature
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by jose556(m): 6:39am On Oct 31, 2016
Please send to me
Momohbiz@gmail.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 7:27am On Nov 01, 2016
4.2.2 Building

There are certain civil works required to be carried out at the proposed location. The civil
works would be carried out on an area of 2250 square feet. The rest of the area will be
floored with concrete. Civil work includes the following:

 Office
 Shed for Dispenser
 Toilet/washroom
 Underground Tanks and Power Cables
 Flooring
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by bijouxcutey(f): 11:28am On Nov 01, 2016
lazybone1:
Executive Summary

A lot of investment opportunities abound in the oil and gas industry in Nigeria and one of
such opportunities is in distribution, storage and marketing of refined petroleum products.
Petroleum products are among the most valuable natural resources abundantly available in
our country. Nigerians and people everywhere use petroleum products as a fuel in their
automobiles, generating sets, industrial plants and for cooking purposes, thus making
petroleum products an essential commodity that is needed for the daily operations of
individual, industrial and national activities.


Nigeria being an oil producing nation however still relies on imported petroleum products
for the servicing of the economy. Such petroleum products as Petrol
(PMS), Diesel (AGO) and kerosene (DPK) are products utilized by almost everybody on
daily basis at an average of 10 million litres daily usage.

Due to increasing level of standard of living, more Nigerians are increasing the number of
cars on the road, the need for constant power supply to aid uninterrupted production of
goods and services and also for domestic use more Nigerians are increasing the demand for
fuel in order to enjoy the usage of their generating sets and industrial plants
Currently, the demand drive daily average consumption of the three main refinery product
streams is as follows:

Premium motor spirit (Petrol) 40,000,000 Liters
Automotive Gasoil (Diesel) 18,000,000 Liters
Household kerosene 13, 000,000 Liters

Thus, the need for service filling station is on the rise. More succinctly, the growing
population of car owners and increased movement of the populace from one place to
another have been on the increase lately and this has not been matched by the number of
filling stations on the up-spring, making the market under-serviced.

This filling station project involves starting a fuel service filling station in any big city in
Nigeria which will market petroleum product (AGO, PMS&DPK). The service filling station
will be equipped with modern dispensing pumps & generators.

The SWOT analysis showed that the opportunities of the business outweigh the challenges
and was concluded that fuel service station idea is healthy and feasible in Nigeria

http://nairamarkets.com/feasibility-on-fuelpetrol-filling-station-in-nigeria/

Drop your mail here to get the full report :
what's app or call for more info :08077918755 ,08105630147

moofficial@yahoo.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 8:24am On Nov 02, 2016
4.3 Machinery & Equipment’s

There are various foreign manufacturers providing the fuel filling station equipment. In this
pre-feasibility report, a German origin compressor has been selected. This equipment is
selected because of its low electricity consumption, higher outlet pressure, low
maintenance, durable working, longer periods between overhauls and good market repute
and presence.

The total capacity of the selected equipment is 400M3/Hr with a total power load of 93 KW.
All the Fuel filling station equipment is foreign manufactured and imported on the specific
requirement of the sponsor by the authorized agent. Usually, the equipment is delivered
within 12 to 16 weeks from the receipt of purchase order and initial payment.
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by hceejay: 9:57am On Nov 02, 2016
Levhone.networks@gmail.com or
H.ceejay@gmail.com
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 2:30pm On Nov 02, 2016
4.4 Suppliers

Products will be sourced directly from PPMC, accredited marketers with reliable and high
quality products and delivery time. Suppliers such as Capital Oil, Zenon Oil, MRS, A-Z
Petroleum and a host of others will are highly recommended.
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by lazybone1: 9:08am On Nov 03, 2016
4.5 Furniture and Fixtures

Furniture and fixtures mainly include tables, chairs, sofas, fans & lights, carpet, curtains
and fire extinguishers. It is estimated that the furniture and fixtures of N150, 000 would be
purchased.
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by i2no: 12:46pm On Nov 04, 2016
4.6 Office Equipment

Some office equipment is also required for the proposed project. A provision of N150,000
have been made for acquiring the required office equipment.

5.0 Manpower Requirement


Manpower requirement for the Fuel filling station includes manager, cashier,
dispenser, operators, accountant, security and cleaner. The total staff strength would be
10 persons for the two shifts. The staff salaries for year one is as follow
Re: Setting-up A Fuel Filling Station (pre-feasibility & Cost Analysis) by Oduok(m): 4:08pm On Nov 04, 2016
This work is detailed. Great work here. For anyone interested in licensing of petrol station, I have been in the business since 2008 when I went for Internship in DPR after my ND in PTI. I have so far assisted over 200 petrol stations in Akwa Ibom and Cross River State go get either their Site Suitability Certificate, Authority to Construct, or Licence to Operate. In addition to contributing to EIA process and partnering with Leak Test and Pressure Test companies. I would be of assistance to anyone within this coverage. OP: I appreciate your great work. How were you able to put up this kind of work? So detailed and factual I must say

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