How to Start a Kerosene Retail / Supply Business

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  • Do you want to do business in the oil and gas industry? Are you interested in starting a kerosene supply and retail business? Then below is a sample kerosene retail / supply business plan template.
  • Because it is used in virtually every home in Nigeria, kerosene is one of the fastest selling petroleum products in the country. And the story is the same in most other developing countries with erratic power supply.
  • In many third-world countries, kerosene (DPK or Dual Purpose Kerosene) is used extensively in both rural and urban areas for domestic purposes such as cooking, lighting kerosene-powered lanterns, and burning refuse. This explains why it fetches huge profits for oil and gas entrepreneurs in Nigeria and beyond.
  • Kerosene supply is a very lucrative business that can make you a millionaire within a couple of months; provided you run the business in Nigeria or in another country with similarly huge demand for the commodity. In fact, some entrepreneurs in these countries revealed that they realized all of their capital after the first 2 to 3 sales! Yes, the business is that lucrative.
  • If you have some cash lying fallow in your account and begging to be used for something worthwhile, why not multiply it exponentially by investing it in the kerosene supply business? Doing that would certainly be one of the business moves you will ever make. Now are you still wondering what makes the kerosene supply business very lucrative?
  • Well, as stated earlier, there is huge demand for the product in countries such as Nigeria, where over 10 million liters of kerosene is used up daily. But there are certain reasons for this huge demand:
  • 3 Reasons why you should start a Kerosene retail business
  • Firstly, Nigeria (and other countries where kerosene is in huge demand) lacks stable electric power supply. And this explains why most people depend heavily on kerosene for cooking and other domestic purposes.
  • Secondly, Nigeria has a large population, comprising majorly of low income earners who buy kerosene because they simply cannot afford costlier energy sources. So, the market for kerosene in Nigeria (and many other countries in Africa) is very large.
  • Thirdly, the profit margin for kerosene is quit
  •  e mouth-watering. You could buy the commodity at the rate of N50 ($0.3) per liter and sell at N100+ ($0.6) per liter. That’s 100% profit! Sometimes, you get more; sometimes, less.
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