Operating a petroleum pump is one among the leading business comes at the instant. There are several issues like expenses to work a fuel station, the license approval method, land specifications, etc. various oil corporations, like geographic region Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), Indian Oil (IOCL), Essar Oil or the other company, provide their franchise to the interested people. There are lot of applicants who are interesting to know about "How can I become a petrol pump dealer?" Therefore, many prospects for the gap of petrol pumps dealership in India are expected in 2020. Many folks don't knowledge to open the petrol pump within the nation or several state, as a result of they are doing not have correct info.
A new dealer choice method has been introduced so as to market consistency within the grant of a license for petrol pumps and franchises by Oil selling corporations. Within the new protocol, the candidate is initial tested against the pre-established eligibility criteria. All candidates who meet the quality for eligibility are allotted for succeeding spherical, during which ton is drawn or the dealer is chosen through associate auction method. The eligibility criteria thus currently play an important role to open a petroleum Pump in India. Scroll down and find to grasp regarding all the method and eligibility to be a petrol Pump Dealership in India.
Eligibility Criteria to become a Petrol pump dealer
- Applicant must be an Indian Citizen
- In case of NRI- He/She must live at least 180 days in India before applying for a petroleum pump or retail outlet.
- Applicant must have a minimum age limit of 21 years to a maximum of 55 years.
- To set up Petrol Pump in a rural area, the applicant must have a valid 10th mark sheet proof for verification of date of birth.
- SC / ST / OBC applicants must be the 10th pass, whereas it must be the 12th pass for the general category.
- To set-up a Petrol Pump in an urban area
- Applicant must have passed Graduation/ Chartered Accountant/ Company Secretary/ Cost Accountant/ Diploma in Engineering.
- For C1 and C2 category
- Applicant must have a minimum qualification of 10th+2.
Fund Requirement to Set-up an Oil Firm in India :
The minimum quantity of Rs 12,00,000 and Rs 25,00,000 is required for rural dealerships and normal dealerships to become a petrol pump dealer. However, as per the laws, the suitable fund or deposit could also be within the sort of savings accounts, bank / registered corporations / communication schemes or bonds or securities of listed corporations in de-mat sort or mutual funds or national savings certificates, etc. Eligibility criteria are thought of just for hour of the worth of shares, mutual funds and bonds.
Requirement of land to set-up an oil firm in India to become a petrol pump dealer
For getting a petrol pump dealership you must have to full the eligibility mentioned above and after that, the land demand is that the most major a part of petrol pump franchise procedure. If you are doing not have any land on your behalf, you'll additionally take land in lease. you need to acquire a No Objection Certificate(NOC) from the property owner for a similar. To set-up associate pump in Rural Area- The land should be in rural areas however not on the national highways or state highways. To set-up associate pump in Regular Area- The land should air national highways, state highways, urban and semi-urban areas. If the land approved on behalf of the person then he/she is needed to supply a wall and compound wall of a minimum height of one.5 meters, designed as per web site conditions.
The application fee is Rs.1000/- for normal shops and Rs.100/- for rural shops. Candidates from the SC / ST class will get a five hundredth relinquishment on the appliance fee. The appliance fees are to be paid in favour of a selected company through Demand Draft (DD). For Dealer closely-held / Company chartered locations, a fee of Rs. 5,000,000 is charged for rural dealerships and Rs. 15,000,000 should be purchased urban dealerships. within the case of Corporation closely-held sites that need bidding for allotment, bidding sums of Rs. 10.00 000 and Rs. 30.00 000 shall apply to rural dealers and daily dealerships.
License Fee to become a petrol pump dealer
Rs. 18/KL for Motor Spirit (MS) and Rs.16/KL for High-Speed Diesel (HSD) for dealer-owned "B"/"DC" web site shops and Rs 48/KL for Motor Speed and Rs.41/KL for High-Speed Diesel for an organization closely-held "A"/"CC" web site shops ar the licensing fee for a petroleum pump dealer.