THE SECRETS OF GAS STATIONS UNVEILED (PART 1)

For many years, Gas stations across the country have benefited tremendously from their various comings and goings at the detriment of the public and this has resulted only in the constant buildup of the number of zero’s in the bank which seems not to be dwindling.

Years before a certain gas stations appearance in 2008 in a certain community, the residents of that community contentedly patronize the black market oil product dealers. Their arrival seemed to relieve residents of the high but precise volume of oil product price the black market dealers peddled. Greater number of the residents believed that their presence will at least save them more money and the stress of buying fuel (PMS) for their vehicles from other gas stations elsewhere.

That presumption seemed quite perfect not until their mode of service changed due to thriving business conditions. The residents however, noticed but didn’t mind because there was a nationwide oil product hike that saw the prices increase dramatically by 50%.

But afterall, the country’s deliberate attitude towards price increment remains - What goes up must never come down.

The filling station never the less continued in their equivocal dealings and services and therefore duly observed the what-goes-up-never-comes-down notion.

Let’s perform some ground breaking analysis together my beloved readers.

Currently Petrol is being lifted at NGN82-85per liter from the depots and loaded onto a 3*11,000 liters apportioned and compacted tanker. Adding up, you will have 33,000 liters. Some tankers carry 4 apportions. Meanwhile, Petrol is sold officially for NGN97per liter.

In some gas stations, there are many pumps that discharge petrol, diesel and kerosene. Let’s turn focus on one pump that discharges petrol for the time being.

Considering the cost price per truck (using NGN83.5/liter) which is calculated at

33,000Ltr *NGN83.5 = NGN 2, 755,500

The official selling price which is calculated at (NGN97/liter)

33,000ltr * NGN97 = NGN 3,201,000

When we have a good look at the enormous profit per tanker load which totals

(NGN3, 201,000 – NGN2, 755,500) = NGN 445,500

You then multiply it by 3 tankers (minimum pump number for fuel (PMS) in any petrol station)… to be continued tomorrow.

Our motto remains.. Upgrading Standards

Always visit http://fedricxdaniel.blogspot.com to read daily Articles, Story Series, Health Tips, Devotional Guide for Youth, News Updates, exclusive Kirikiri News And Lots More.

BUY A COPY OF KIRIKIRI NEWS TODAY!!!