Five Things Nobody Tell You About Starting and Operating Successful Petrol Station In Tanzania

As you already know, the petrol station is a commodity business. The supply and demand gap plays a
key role in petrol station business

When you are thinking to start petrol you must consider the following things to ensure the viability of your project.

1. Location
If you are considering building a petrol station, you need to know that some site locations are VASTLY more profitable than others. Choose the wrong one and you can cut your income by 90 percent. All because you choose the wrong site. In this case, you must build your petrol station in a location where the number of vehicles is reasonable to ensure sustainable cash flow. Also, the site must be visible and accessible/ Product sources must be close as possible to your site

2. Buying
Products buying is very important, You should always try to get better buying so that you can offer competitive prices to end customers.

3. Distribution System.
The distribution system must be strong by providing good customer services, regular supply, and competitive rates/

4. Keep up to date with oil price fluctuations.
Your finger must be always on the market pulse. You must have the ability to determine the market fluctuation rate on time. It will help you with buying and selling fuel. You must have good stock when you smell the oil price is going to increase. And you must finish the stock quickly when you feel the market is going to be down.

5.Set up petrol station with smart operation
Avoid loss of fuel during operations. That means during offloading and during dispensing of fuel to motorists