Which petroleum company has the lowest investment to open a petrol pump in India?
The investment amount required for a fuel station depends mainly on the location. The amount required to build a petrol station in an urban area will be more when compared to the amount required for a rural area. Apart from that, it also depends if you interested to build other facilities near the petrol pump like a convenience store which play vital role in providing a unique consumer experience. From what I have heard, IOCL is demands for a lower investment as compared to the other public sector companies because subsidy policy is commendable. As for Nayara, the cost of constructing an Essar retail outlet ranges from Rs 70 lakhs to 1 crore.
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