Petrol Pump License: Opening a petrol pump is not a difficult task. For this, you should know about the process of getting a petrol pump license, investment and dealership details.
Petrol Pump License: There is a lot of demand for Petrol-Diesel in India. Here petrol-diesel is sold on a large scale at the petrol pump. If you want to invest in any new business then you can open a petrol pump. Petrol pump business is considered a profitable business. Government and private companies like IOCL, BPCL, HPCL, Essar and Reliance issue licenses for petrol pumps in India. Any person in the age group of 21 to 55 years can take a petrol pump license. If someone wants to open a petrol pump in rural area, then he should be 10th pass for license and if someone wants to open petrol pump in urban area then person should have class 12 pass.
So much investment is needed to open a petrol pump
According to media reports, about Rs 15 lakh will have to be invested to open a petrol pump in rural areas. On the other hand, if you want to open a petrol pump in an urban area, then you will have to invest Rs 30-35 lakh.
How are petrol pumps allotted?
According to IndianOil’s website, the company establishes retail outlets at any location based on the research done by the field team. If that place is found to be good for business, then it is also included in the marketing plan. You can see the guidelines for opening a petrol pump on the official website of Indian Oil www.iocl.com.
Petrol pump requires so much land
Know that to open a petrol pump, you must have a minimum of 1200 square meters of land on the national highway. At the same time, to open a petrol pump in urban areas, there should be 800 square meters of land. If the land is not in the name of the applicant, then he will have to take the land on lease for a longer period.
It is worth noting that if the petroleum company wants to open a petrol pump in a new area, then advertisements are given for this in newspapers and on the official website. Lottery system is also used in this. Talking about the commission on selling petrol and diesel, every company gives different percentage of commission. Every petrol pump dealer makes an average profit of two and a half to three rupees per liter of petrol sold.