The petrol pump industry is one of the most lucrative and profit-making ventures globally. It offers exciting opportunities for the new age investors and promises sustainable income for a long time. The ever increasing demand for fuel oils in both logistics and transportation sectors is the key factor for the exponential growth of this market. Operating a petrol pump in India could be challenging. It is not a small scale investment for an entrepreneur. Therefore, private players in the Indian petrol pump industry are taking every necessary step to ensure the easy operation of the franchise, especially in the case of a new petrol pump dealership.
Eligibility Criteria For Petrol Pump Dealership
First of all, it is foremost important to understand the eligibility criteria for the dealership of the petrol pump –
- Applicant must be an Indian Citizen within an age limit of 21 years to 55 years. If the applicant is an NRI, he/she must be living in India since at least last 180 days to apply for a petrol pump dealership
- 10th mark sheet proof is mandatory for SC/ ST/ OBC applicants for verification of date of birth whereas the minimum requirement is 12th pass for the general category. This is only applicable to rural areas
- Those interested in setting up a petrol pump in an urban area must have passed Graduation/ Chartered Accountant/ Company Secretary/ Cost Accountant/ Diploma in Engineering. The freedom fighters under the CC2 category will be exempt from these guidelines.
Funding Required For Petrol Pump Dealership
First of all the fuel retailers need to keep a track of all the expenses and must maintain a steady operating cost. Also, the cost of maintenance of the facility needs to be incorporated. For opening a petrol pump in rural areas, the investor needs to have funding of minimum Rs. 15 – Rs. 20 lakh. On the other hand, for opening a petrol pump in urban areas, the investment amount can go up to Rs. 30 – Rs. 35 lakhs. As per the government guidelines, the fund or deposit could be submitted in the form of savings accounts, bank / registered companies / postal schemes or bonds or securities of listed companies in mutual funds or national savings certificates, etc. Loan options are available for those interested in buying a petrol pump dealership.
Land Requirements For Petrol Pump Dealership
After making sure that you are eligible as well as have enough money to start this business, the land requirement is the most crucial step of the petrol pump dealership procedure. The applicant needs to own his land. Another option is taking land on a lease. All the essential documentation and land papers are necessary at the time of registration.
Once all the above-mentioned criteria are met, the investor could apply to any petroleum company. However, one must check all the details of the company before the commencement of the deal. The enterprise must be reliable, reputed, and well – established. It should be willing to support you at every step of the process, right from commissioning to smooth operations of your petrol pump retail outlet. These values are reflected in the core values and strong leadership of Nayara Energy, one of the finest oil refineries in India.
Nayara Energy is well-recognized for its remarkable accomplishments in the oil and gas sector. Nayara Energy Dealership in India provides the best quality of petrol and diesel to all its retail outlets. Apart from that, the company assists the new dealers in every step of their journey towards becoming a successful petrol pump venture. Dealers are provided with world-class technical and engineering guidance along with robust technological advancements like retail automation, consumer and dealer mobile apps. The sales staff is trained meticulously under the experts. To attract more customers and boost sales, branding support is made accessible for all the dealers. The proficient dealership model of the company ensures steady operating profits and a high return on investment. In the long-run, the company endeavours to turn your dream of building a profitable business into reality.