If your land is agricultural, then it will have to be converted to non-agricultural land.
Petrol pump is considered to be a bumper profit giving business all over the world. Petrol pump (How to open Petrol) nothing is possible. Use public transport or private transport to get out of the house, petrol and diesel are necessary for the vehicle. Apart from this, the system of commercial transport is also completely based on the petrol pump. The proper facility of petrol pump is very important to maintain economic activities. This is the reason why a license is issued by the Public Sector Undertakings to open a petrol pump. Apart from this, private sector companies also issue licenses to open petrol pumps. This license is issued by BPCL, Reliance, Oil, Gas Limited, and Oil and Natural Gas Corporation in their country.
Anyone can do the business of petrol pump. Applicant age should be of 21 years and a maximum of 55 years. He must be an Indian citizen. In the case of NRI, the applicant must have lived in India for at least 182 days. The minimum education for the general category is 12th and for the reserved category, the minimum education is 10th. It is necessary to be a graduate to open a petrol pump in urban areas.
Business can be started even with 15 lakhs
There is no doubt that petrol pump is a big profitable business, but the investment is also required in it. At least Rs 15 lakh is required for a petrol pump dealership in rural areas. For urban at least Rs 30-35 lakh is required. Up to a maximum of Rs 2 crore can also be spent. Petrol pumps cannot be opened in blacklisted areas.
Funds can be raised in this way
The applicant can use Bank Deposits, Bonds & Shares, Fixed Deposits, Mutual Funds, National Savings Certificates, Post Office Schemes, and Savings Schemes to raise funds. It is a good thing if the applicant has his land, or the land should be on lease for a long period. To open a petrol pump, a space of 800-1200 square meters is required.
Advertisement is issued regarding dealership
Advertisements are issued from time to time by oil marketing companies regarding petrol pump dealerships. This application can be done by visiting the website of oil marketing companies. If there is a plan to open a petrol pump in a new area, then the lottery system is used when more applications are received. Apart from this, certification and NOC are required to open a petrol pump. Permission will be required from the Fire Department, Municipal Corporation. Apart from this, some other kind of licensing is required.
Be sure to follow these rules
If you are applying to open a petrol pump on State Highway and National Highway, then you will need 1200 square meters to 1600 square meters of land for this. A fuel station can be opened in an area of 800 square meters in urban areas. To open a petrol pump, you will have to invest from 15 lakhs to 30 lakhs. In this, the company will return five percent of the amount to you. Petrol pumps cannot open on agricultural land. If your land is agricultural, then it will have to be converted to non-agricultural land. If you take land on rent, then you will have to take NOC (No Objection Certificate) from the owner of the land. If the land is taken on lease. So you must have that agreement. You can also take a loan from the bank to open a petrol pump.
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