Kerosene business is a very lucrative business in Ghana because a lot of low income and high income Ghanaians use kerosene for cooking and lighting up the house via kerosene lanterns and other Equipments.
Currently if you check carefully you will notice that sometimes the price of kerosene will be higher than petrol,that is to show you that the demand for kerosene in Ghana is high.
Have you thought of starting a kerosene business in your area or even supplying it to retailers and companies?
Kerosene is one of the most essential petroleum product in Ghana and is used extensively in both rural and urban areas.
Almost every home make use of Kerosene in Ghana in one way or the other. This is why people always experience hardship whenever kerosene goes scarce.
This article will show you how to quickly establish and start your own kerosene business in Ghana.
KEROSENE BUSINESS IN Ghana
You will need a license if your planning to start big,i.e making purchases of over 10,000 liters of kerosene,if however your purchase power is below 10,000 liters it will be considered a small scale business and a license wouldn’t be required.
If your a going into the business on a large scale,it’s imperative to register your business.
You definitely need to be in a strategic location to sell your products.
If you cannot afford to build a filling station,consider setting up a mini depot in a busy remote area,your location should be a residential area saturated with low income earners.
However be careful when dealing with flammable petroleum products for your safety and that of others.
3. PURCHASE YOUR KEROSENE TANK
Its necessary to make arrangements for the storage of your product.
If your starting off on a large scale, then you should consider buying tanks for the storage of your kerosene.
Some tanks can contain up to 200 thousand liters of kerosene,if however you plan to start off on a small scale then you should consider buying 4 – 6 drums that can storage up to 200 liters per drum.
A small scale kerosene dealer can store up to 15,000 liters of kerosene in his/her residential area,but you have to put some safety measures because petroleum products are flammable.
As a small scale dealer in kerosene you need to have a constant supplier of kerosene near you,so that you won’t run out of your supplies.
Consider buying or sourcing your kerosene from a registered and trusted marketer.
REQUIREMENTS/ITEMS NEEDED BEFORE STARTING A KEROSENE BUSINESS IN Ghana
2. A Good Location
3. Marketing Strategies
4. Kerosene tanks
5. Dispensing Pumps
6. Sales Attendants (It depends whether is is small scale or large scale business)
7. Measuring Units
8. Proper Training/Experience
IMPORTANT REASONS WHY YOU NEED TO START A KEROSENE BUSINESS…
1. It is very Lucrative/Profitable.
2. It create Self-employment Opportunities.
3. It is high in demand.
4. It processes are very quite easy.
5. It grants Financial Freedom as time goes on.
Kerosene business is one of the easiest business to start and the capital requirement is very very minimal compared to other oil and gas related businesses.