Do you want to earn lakhs of rupees per month by opening a petrol pump?
Petrol Pump business is one of the fine business to earn lacks in india. And it is very easy to open. We provide you complete list of required documents and qualifications to open petrol pump easily. Read this Article till end to get full information about How To Open Petrol Pump In India.
Go to the end of the article where we have provided links related to Petrol Pump Business. Then you can apply easily.
How To Open Petrol Pump 2023 - Highlights
|Article Name||How To Open Petrol Pump|
|Who Can Apply For Petrol Pump?||All Indian Citizens|
How much money needed to open a petrol pump in India
There is a minimum capital investment requirement set by the government for opening a Petrol Pump. The amount varies depending on the location and type of petrol pump.. Rs 12 lakhs for ROs for rural areas and Rs 25 lakhs for ROs in urban areas, though the amount may vary from company to company.
Know how to apply to open a petrol pump and what are the requirements.
For applicants and youth who want to open a petrol pump, various companies are inviting to open a petrol pump. Applicants can approach public and private oil companies like BPCL, HPCL, IOCl, Reliance, Essar Oil etc. to open their own petrol pump.
What are the qualifications required to open own petrol pump - 2023
To open a petrol pump in India, there are certain qualifications and requirements that need to be met. Here are some of the main qualifications and requirements:
1. Land Requirement:
To open a petrol pump, you need to have a minimum land area of 800 square meters in a commercially approved location. The land should be owned by the applicant or leased for a minimum of 15 years.
2. Capital Investment:
There is a minimum capital investment requirement set by the government for opening a petrol pump. The amount varies depending on the location and type of petrol pump.
3. Educational Qualifications:
There are no specific educational qualifications required to open a petrol pump. However, a basic understanding of finance and business management is beneficial.
4. Age Requirement:
The applicant should be at least 21 years of age and should not be more than 55 years of age at the time of application.
The applicant should have a minimum of 3 years of experience in running a retail business or in dealing with petroleum products.
6. Licenses and Permits:
The applicant needs to obtain various licenses and permits from the government authorities, including NOC (No Objection Certificate) from the local authorities, PESO (Petroleum and Explosives Safety Organization) license, and fire safety clearance.
7. Other Requirements:
The applicant should have a clean criminal record, should not have defaulted on any loans or taxes, and should have a good credit score.
In summary, to open a petrol pump in India, one needs to meet the minimum land and capital investment requirements, have relevant experience, obtain necessary licenses and permits, and meet other eligibility criteria set by the government.
How To Apply To Open Petrol Pump
- Before opening visit Indian Oil Retail Divisional Office // Field Officer.
- After this, you have to fill the application form carefully by following the guidelines mentioned by them.
- All the required documents should be attached and attested with the application form.
- Finally, you have to submit all the documents and application forms to the concerned authority, after which your application will be verified and if everything is found correct, further action will be taken.