Starting a petrol pump dealership in India can be a lucrative business venture, considering the growing number of vehicles and the consistent demand for fuel. However, it involves various processes, legalities, and requirements. If you're planning to start a petrol pump in India, here's a step-by-step guide:
Eligibility Criteria:
Select the Oil Company: India has multiple oil corporations like Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL). Each company releases advertisements in newspapers inviting applications for new petrol pumps.
Investment Requirement:
Application Process:
Selection Process:
Land Requirement:
Licenses and Approvals:
Infrastructure Setup:
Training: Most oil companies provide training for the dealership owner and the staff on safety procedures, operations, customer service, etc.
Operational Process:
Starting a petrol pump is capital-intensive and involves multiple approvals and licenses. It's essential to be patient and diligent in following the process. Once set up, with good service and location, it can provide a steady income source.
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