'Petrol pump dealership' presentation slideshows

To acquire a new petrol pump dealership the applicant is required to follow set procedures so that the business runs smoothly and without any hassle in the longer run. The applicant has to obtain all statutory approvals and licenses from the government to set up the retail outlet. Also, companies charge an application fee if you wish to become a franchisee. The investment required to install a petrol pump varies from location to location. It will cost less in rural areas as compared to urban areas. The petrol pump dealership cost excluding the land will be minimum of 50-70 lakh rupees will be required to set up the petrol pump. The investment would be for two machines(petrol and diesel), canopy, a sales room, underground tank, fencing and electricals facilities. The applicant should also consider the amount to be invested for ATM machines and other complementary facilities as they are crucial elements that drive sales.

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What is the process for a petrol pump license?

Dealership selection process varies from company to company but there are certain requirements which are mandatory in order to obtain a petrol pump licence. They are as follows: Basic Eligibility Criteria: To be eligible to obtain a license for the dealership of petrol pump, the individual must be an Indian Citizen and a resident of India, as per the Income Tax rules. The applicant must also be not less than 21 years old and not more than 55 years. Proof of age of the applicant must be validated by submitting a copy of 10th Standard Board Certificate or Secondary School Leaving Certificate or Birth Certificate or Passport or Affidavit for age or Identity card issued by Election Commission. Education Requirement: All applicants making an application for petrol pump dealership must have basic education. Petrol pump applicants must have passed a minimum 10 2 level of examination. Land Requirement Land is a major criterion in the selection of petrol pump dealers. The land required for the petrol bunk dealership may vary from company to comapny but the applicants can be classified into two broad categories. -Applicants having a suitable piece of land in the advertised location/area either by way of ownership / long-term lease. -Applicants having a firm offer for a suitable piece of land for purchase or long-term lease. Investment Requirement To start a fuel station, the applicant must show the ability to invest a minimum of Rs.30 lakhs in case of regular petrol pumps and Rs.15 lakhs in case of rural petrol pumps. The funds for investment can be funds in savings accounts, deposits with the bank, National Savings Certificates, mutual funds etc. If the applicant qualifies these basic requirements it can be assumed that he/she can be obtain a petrol pump licence without a hassle and soon be a proud owner of his/her own fuel station.

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What is the new petrol bunk investment?

To acquire a new petrol pump dealership the applicant is required to follow set procedures so that the business runs smoothly and without any hassle in the longer run. The applicant has to obtain all statutory approvals and licenses from the government to set up the retail outlet. Also, companies charge an application fee if you wish to become a franchisee. The investment required for the fuel station varies from location to location. It will cost less in rural areas as compared to urban areas. The petrol pump dealership cost excluding the land will be minimum of 50-70 lakh rupees will be required to set up the petrol pump. The investment would be for two machines(petrol and diesel), canopy, a sales room, underground tank, fencing and electricals facilities. The applicant should also consider the amount to be invested for ATM machines and other complementary facilities as they are crucial elements that drive sales.

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What's the procedure to open a fuel station in India

To begin with, you need to get in touch with oil companies which are looking for franchise partners. The very first step of the process is to apply for a new petrol pump dealership. Unlike earlier, applying for a petrol pump has become extremely easy. You can opt for companies likes Reliance, BPCL, Nayara Energy etc. As for Nayara Energy, they provide a form which will ask for personal details and details about the land- size, location, distance from the highway, distance from nearest petrol pump etc. They will access the location and get back to you if they are interested. As for the capital required to open a petrol pump depends on the location of the land. It wouldnu2019t come as surprise to anyone that the investment for petrol pump dealership in an urban area will be higher as compared to the investment required to set up a petrol pump in a rural area. To put in numbers, a total investment of 15-40 lakh will be required.

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What are the things required to start petrol bunk in India

The requirements for petrol pump dealership are as follows: 1) The individual must be an Indian Citizen and a resident of India, as per the Income Tax rules. To be considered a resident of India, an individual should have stayed in India for 182 days or more in the previous financial year. 2) The applicant must also be not less than 21 years old and not more than 55 years. Appropriate documents citing Proof of age of the applicant must be submitted.

134 views • 5 slides

What are the things required to start petrol bunk in India

The requirements for petrol pump dealership are as follows: 1) The individual must be an Indian Citizen and a resident of India, as per the Income Tax rules. To be considered a resident of India, an individual should have stayed in India for 182 days or more in the previous financial year. 2) The applicant must also be not less than 21 years old and not more than 55 years. Appropriate documents citing Proof of age of the applicant must be submitted.

83 views • 5 slides