What is the complete process to open a petrol pump in India?
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We give you business ideas and ways on how to grow your business, and today we will tell you about How to open a Petrol Pump.
When it comes to business, people give you a lot of options – just do it, there are profits, and you will lose. This is where people tell you. But have you ever heard of petrol-diesel, that is, of petrol pumps, you may have heard but you have no idea about that. Today you will find the answers to all your questions in this post.
There are a lot of things we need every day, including petrol and diesel because we need petrol in our car to travel, and start own petrol pump business can be a great business option.
So far there are about 66,408 petrol pumps in India, most of which are in the government sector. Such as Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and some private sectors such as Reliance Petroleum Ltd Limited, Nayara Energy, Essar Oil Limited, Royal Dutch etc.
And what is special here is that the government has now made the conditions for opening petrol pumps much easier, so it has become much easier than before to open own petrol pump in india. That is why any of you need to know about this subject, for this we will give you all the important information about petrol pumps in this post so that you can know all the information about this subject.
A license is required to start won petrol pump, and the licensing process is completed in two steps. An applicant who has not completed the first step is eligible for the second step.
Step number 1
The person who will open won petrol pump in India needs to be an Indian citizen. The age of the applicant should be between 21 to 55 years. Living in a village, the qualification of General Category applicant needs to be 12th pass and for SC / ST / OBC category applicants only 10th pass is required. And if the applicant wants to open a petrol pump in city then his qualification needs to be graduated, and if the applicant is a freedom-fighter then he does not need these qualifications of minimum qualification. Upon completion of this first step, the applicant becomes eligible for the second step.
Step number 2
Fund Requirement for opening a Petrol Pump
Minimum fund requirement, such applicant will open his own petrol pump If you want to open a petrol pump in a rural area, you need a fund of at least 12 lakh rupees, But if a petrol pump is opened in an urban area, then a fund of at least Rs 25 lakh is required, This fund can be in any form like cash, jewelery, bonds, mutual funds, National Savings Certificate (NSC).
Land Requirement for Petrol Pump
The land requirement is a very important point for opening a petrol pump, and this criteria is very important for the selection of a petrol pump dealer. For this, the applicant has to have his own land to open a petrol pump or can rent land for a minimum time, then you can apply to open a petrol pump.
Perfect location for opening a Petrol Pump
Land location matters a lot for opening petrol pumps, as oil companies usually prefer to open petrol pumps on highways, national highways and in the busiest market areas. For this, the location of the land also needs to be perfect. The highway requires at least 800-1200 square meters of land to pump petrol. And an applicant can only apply to open a petrol pump in one location.
Application fee and other fee for Petrol Pump
The application fee for opening a petrol pump is Rs.1000 for regular & retail outlets, whereas the application fee for rural retail outlets is Rs.100, for SC / ST category candidates 50% concession can be found here. If the applicant is a land dealer required for a petrol pump in India, then the applicant has to pay a non-refundable fixed fee of Rs 15 lakh for a regular & retail outlet and Rs 5 lakh for a rural retail outlet. This fee is submitted as Demand Draft and it is non-refundable. Once the application fee has to be submitted, the license fee has to be submitted.
Now you need to know how to apply for a petrol pump dealer.
First of all, the application will go to the oil marketing company’s website and check publishing publisher Advertising, which can also be seen in the advertisement newspaper. Then you have to apply online for the license required to open a petrol pump, then the oil company will announce the name of the winner applicant through the lottery system. Eligible candidates have to submit the required documents to pump petrol. After getting the license, the applicant has to register to pay GST, and open a current account in the name of his petrol pump.
Although this process is not easy to open a petrol pump in india, once the petrol pump is opened, you will get a lot of profit from this business. And opening a petrol pump has become much easier now because earlier a company had to invest Rs 2,000 crore in the petroleum field to get a license and now even a company with a minimum network of Rs 250 crore can apply for a license. Starting this business is now a golden chance. And if you can meet all the criteria for opening a petrol pump, then you too can take advantage of this opportunity and become the owner of a petrol pump.
We hope all this information will be useful for you to start won Petrol Pump, and that you subscribe to our website by email to receive such innovative and interesting information, so that email notifications of future posts on this website reach you.
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