How much space is required to open a petrol pump?
Normally, the area of 800 square meters to 1200 square meters is sufficient to open a petrol pump. The application fee is Rs. 1000/- for regular retail outlets and Rs. 100/- for rural retail.
Is opening a petrol pump profitable?
Total profit of the petrol pump business Monthly profit for the petrol pump business is 2 lakhs – 1.35 lakhs= 65000 Rs for rural areas. Monthly profit for the petrol pumps business is 4.2 lakhs – 1.95 lakhs = 2.15 lakhs /month for city side. There is 100\% no loss in this business.
How to choose the right location for your petrol pump?
The location of the petrol pump is very crucial for oil marketing companies. Companies prefer the place which is near residential locality, busy market areas or on the state/national highway because companies want to increase the sale. Normally, the area of 800 square meters to 1200 square meters is sufficient to open a petrol pump.
What is the qualification required to open a petrol pump?
The applicant of the SC / ST / OBC category shall be 10th pass while for the general category he/she must be 12th pass. 5. Applicant must be graduate if he/she wants to open a petrol pump in urban areas. 6. The criteria of minimum qualification is not applicable in the case of freedom fighters.
What is the minimum fund required for a petrol pump dealer?
For rural retail outlets minimum fund requirement is 12 lakhs and for regular retail outlets 25 lakhs. The fund can be available in the form of Only 60\% of the value of shares, mutual funds and bonds will be considered for eligibility criteria. The land is an important criteria for selecting petrol pump dealers.
How much does it cost to open a petrol pump in India?
But generally, the applicant will have to spend minimum Rs 15 to 20 lacs to open a petrol pump in rural areas while for urban areas this cost may be around Rs 30 to 35 lacs. At the same time, it should also be kept in mind that these rupees should be in this form; Apart from Jewellery and cash, the money can be in the form of; 1. Mutual Funds 2.
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