Business Idea: You can earn a lot by opening a petrol pump! Know how much investment will be required and how to get a license..

If you have been leaving your job for a long time and want to start a stable and profitable business of your own, then the petrol pump business can be a good option for you. The most special thing about this business is that there is very little chance of loss in it, because even today, there is a demand for petrol and diesel in India. Even though electric vehicles are being promoted, even today, 90% of the vehicles running in the country run on petrol or diesel.

How much investment will have to be made?

Opening a petrol pump is not easy, but once started, a good income can be earned from it. A huge investment has to be made in this business in the beginning.

In urban areas, this investment can go up to ₹ 50 lakh.

This cost includes license fees, underground tanks, fuel dispensers, and other infrastructure expenses. The good thing is that a loan of up to ₹ 2 crore can also be taken from the bank to start this business.

How much land is needed, and where should it be?

It is very important to have land to open a petrol pump. There are some fixed standards for this:

In urban areas, you should have 800 to 1200 square meters of land.

In rural areas, this land should be 1200 to 1600 square meters.

Apart from this, it is also necessary that the land is on a main road or highway, so that there is continuous movement of vehicles. If you do not have your land, then you can also open a petrol pump on rented land, provided you have a valid lease deed of 15 to 25 years.

Who can do the petrol pump business?

There are some basic conditions for opening a petrol pump.

The applicant should be an Indian citizen.

The age should be between 21 and 60 years.

A registry or lease deed of the land is necessary.

Apart from this, it is also necessary that the applicant's background is financially clean and that he has a collection of necessary documents.

How to get a license and a dealership?

The application process from government oil companies is online; it takes time, but the process is fixed.

To open a petrol pump, you will have to get a dealership from a government or private oil marketing company (OMC). For this, the major companies in India are:

IOCL (Indian Oil)
BPCL (Bharat Petroleum)
HPCL (Hindustan Petroleum)
These companies invite online applications for dealership from time to time. You will have to submit these documents while applying.

Aadhar card, PAN card
Bank statement
Land papers
Application form
After being selected, you will have to get NOC, a fire safety certificate, and necessary permission from the municipal corporation and the local administration. If your land is for agricultural use, then it will have to be converted into non-agricultural (NA) land.

After getting the license, you will have to construct the petrol pump as per the guidelines of OMC. Appointment of employees, tank installation, metering system, and installation of safety equipment are included in this stage.

Profit and Loss Balance
The easier the petrol pump business looks, the harder work and responsibility it involves. Although the chances of loss are less, the license process is long and strict. For those who plan and follow all the rules, it can become a long-term, profitable business.

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