Major pain areas for petrol pump owners are the higher cost of operation and shrinking margins, making it hard to sustain in the competitive landscape. They have to navigate through the changing regulatory environment while managing risks and optimizing performance. However, opportunities come with its own set of challenges. The demand is estimated to grow at about 7 percent in India as compared to 3 percent in China. With the rising oil demand, India is likely to outpace even China’s demand growth. Oil consumption in India has expanded at a CAGR (Compound Annual Growth Rate) of 3.3 per cent during FY2008–16F to reach 4.0 MBPD by 2016.
Now, keep a record of meter reading, credit cad sales, cash payments and cash receipts easily and accurately in petrol pump excel sheet. Your daily petrol pump transactions can be transported quickly to the excel by using a petrol pump software.
