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Profit Analysis of a 30 Metric Ton LPG (Cooking Gas) Plant in Nigeria

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30Mt LPG Gas Storage Tank Horizontal & Vertical

automobile LPG filling station

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Monthly Operating costs
Personnel Salaries (3 Gas Attendants, 1 Manager and 2 security Men) – ₦210,000
Power Bills/ Fuel for Generator – ₦70,000
Government Dues – ₦15,000
Maintenance Cost – ₦65,000
Stationeries, kits and miscellaneous – ₦50,000
Total Monthly Operating Costs – ₦410,000
Total Monthly Profit for an LPG Plant in Ibadan
Total Profit per Month = Total monthly Revenue – Monthly Operating costs = ₦52788960– ₦410,000 = ₦523789960
Total Profit per Year = Profit per Month x12 =₦633,467,520= $ 71,9850 US Dollars

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