Business: Petrol Pump business is a 'super hit' formula for earning, know how to open it and earn lakhs..
How to open a Petrol Pump: Everyone wants to have a lot of money, good income, and whether it is a job or business, it is fun to do work in which you get more money. However, both hard work and responsibility have to be fulfilled. There are some businesses in which there is a good profit; one of these businesses is the business of a petrol pumper, after which you can earn good money. There is a different enthusiasm in the youth of today. If you are thinking of doing some big business, then a petrol pump can be a good option for you. Before that, know how to open it and how much you can earn.
How much is the income from petrol
A petrol pump (petrol pump business idea) earns from the commission received on the sale of fuel. This commission is decided by the oil marketing companies (OMCs), like Indian Oil, Bharat Petroleum, and Hindustan Petroleum. Currently, if we talk about commission on petrol, then the commission per liter on petrol is around ₹ 3 to ₹ 4.50. On the other hand, the commission per liter on diesel is usually between ₹ 2.50 and ₹ 3.50.
It changes from time to time. This means that the more liters of oil you sell, the more you will earn. According to the data, a petrol pump in the city can earn ₹ 3 lakh to ₹ 5 lakh per month.
How to open a petrol pump
To open a petrol pump, you have to go through the application process of the government and private oil companies. First of all, you have to pay attention to the advertisements of oil companies, major government companies in India, like Indian Oil, Hindustan Petroleum, and Bharat Petroleum, that take out advertisements for new petrol pump dealerships, which you can see in newspapers and websites. Private companies like Reliance, Nayara Energy, and Jio-BP can also apply for dealership on their websites.
There should be some qualifications to open a petrol pump
To open a petrol pump, first of all, you should be a citizen of India. The age limit should be between 21 years and a maximum of 60 years.
You should be a 10th pass, but some companies require a higher qualification than a 10th pass.
You should have land. If you don't have it, you can take it on lease, but for this it will be necessary to get a No Objection Certificate (NOC) from the owner.
Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
