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Petrol Pump Business Plan

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Petrol pump business has always been considered one of the leading pro!t making businesses, not just How old is your business "

in India, but globally as well. This is largely because of the ever increasing growth and resultant
demands of the transportation and logistics sector. Another obvious reason being the growing
Type of business "
demands of daily commute of the common man. Besides, in today’s day and age, it has almost become
a nessacity for a middle class person to own a vehicle to ensure his comfort and convenience in day to
day life. ! All the !elds are mandatory

Therefore, opting to start your own petrol pump business is a feasible option in today’s times. Even
though it demands a fair bit of legal obligations and paper work, it still stands to be amongst the most Check Eligibility
pro!t making businesses in India. Besides, the Oil Marketing Companies (OMCs) are aiming to generate
more viable opportunities in order to encourage the growth of petrol pump business in India in 2020- By clicking on ‘Check Eligibility’ you agree to our T&C,
2021. Terms Of Use and Privacy Policy

The procedure and formalities for opening a petrol pump business in India is as follows:
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Eligibility Criteria for Opening a Petrol Pump in India
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the Government of India has set up certain criteria that has to be met before anyone can start the
Business Loan Eligibility
process of opening a petrol pump in India:
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1. The owner/owners of the petrol pump business should be citizens of India. In case of an NRI
applicant, he/she must have lived in India for more than 182 days. Business Loan EMI Calculator

2. The minimum age limit of the applicant has to be 21 years and the maximum age limit should be
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no more than 55 years.
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3. Birth certi!cate proof is required.
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4. For an individual residing in rural areas, the minimum educational quali!cation required is 10+2
certi!cation. And, for individuals residing in urban areas, the minimum educational quali!cation
should be a university degree certi!cation from a university that is recognised by UGC. For Business Loan Types
applicants who belong to CC1 category, a 10th certi!cate is required and for CC2 category, a 10 +2
certi!cation is a must. Commercial Loan for Small Business

5. Applicants belonging to the freedom !ghter category are exempt from the rules. Business Loan for Women

6. Minimum investment of Rs 15 lakh or more required to obtain dealership in rural areas. MSME Loan / SME Loan

7. Minimum investment of Rs 2 crore or more to obtain dealership in urban areas. Working Capital Loan

8. The chosen business location should not fall under excluded or blacklisted zones. Working Capital Loan EMI Calculator

Land Requirement Collateral Free Loans

Just like with mobile towers, the land for petrol pump has to be chosen as per the analysis of the petrol Supply Chain Finance
companies. These petrol companies usually issue advertisements about sanctioned land locations, so
you need to ensure your chosen land area falls under that category before proceeding with the Short Term Loans

application. You will also need to ensure you meet the below land criteria:
Start-Up Business Loan
1. The land has to be either owned by you or leased for the period agreed upon by the oil
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dealership.

2. You need to ensure all the legal documentation of the land is in place for the veri!cation process. Line of Credit Loans India

3. The area of land required should be at least between 800 sq meters to 2000 sq meters depending Term Loan

on the location.
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4. Land chosen should be developed and levelled and easily accessible from the road.
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Investment and Fees
Inventory Financing
To open a petrol pump business, you must have a good investment capacity to start with. There are
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two types of charges for opening petrol pumps in India:

Corporate Loans
1. Rs 12 lakhs for ROs for rural areas and Rs 25 lakhs for ROs in urban areas, though the amount
may vary from company to company.
Letter of Credit

2. Your funds will be acceptable in the below modes:

Business Loan by Industry
1. National Savings Certi!cates

Shop Loan
2. Bonds

3. Shares of listed Companies in Demat Form Business Loan for Petrol Pump

4. Mutual funds Dairy Farm Loan

5. Saving account funds Loan for Restaurant

6. Bank deposits Medical Equipment Loan

3. Cash, jewellery, current account balance will not be considered for investment in this business. Business Loan for Grocery Store

Application for License Machinery Loan for Business

The next step is to obtain a license for opening a petrol pump. For this, Oil Marketing Companies School Loan for Private School
(OMCs) give out advertisements either on their o"cial website or newspapers to set up petrol pumps
across di#erent locations. Interested candidates have to: Business Loan for Manufacturers

1. Buy a form for Rs 100 (rural areas) and Rs 1000 (urban areas) online and duly !ll up the accurate Business Loan for Travel Agency

details like personal ID, mark sheets, land details and upload the required documents on the
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chosen oil company’s website.

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2. Once the license is obtained, the applicant will need to get a GSTIN number to pay GST and open
a current account with the name of his petrol pump.
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Obtaining Certi!cates Hotel Loan

Once the licence is sanctioned, the next step will be to obtain certain certi!cates and permissions
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before building the petrol pump infrastructure:
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1. Permission from the Municipal Corporation and Fire Safety O"ce

2. NOC from the licensing and other concerned authorities Business Loan by City
3. Location Certi!cate Business Loan in Bangalore

Obtain Business Loan for Working Capital Needs Business Loan in Ahmedabad

One can get a loan for petrol pump from banks, NBFCs as well as digital NBFCs like Lendingkart which Business Loan in Delhi/NCR
is the current trend. At Lending kart, we also o#er:
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1. Loans ranging from Rs 50000 to Rs 2 crore
Business Loan in Jaipur
2. Short processing time
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3. Repayment period of up to 3 years
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4. Flexibility in instalment periods of repayment

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5. Quick disbursal

6. Low interest rates

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3 step loan application: Submit application on our o"cial website, upload all the required documents
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and get your loan sanctioned!

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Di#erent Types of Working Capital Loans
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Working Capital Management
Petrol Pump Business Plan FAQs:
How to Raise Funds for Startup
1. What is the minimum investment one may require starting a Petrol Pump business?
Business Ideas with Low Investment & High Pro!t
One needs a minimum of Rs 15-20 Lakhs to start a new business of Petrol Pump.

Bank or NBFC for Business Loan

2. What is the procedure to apply for Petrol Pump dealership in India?
There are regular advertisements by many big dealers of petrol pumps and a direct application along Business Ideas for Women
with the relevant documents, GSTIN Number and the fees should be provided on such occasions. The
other method is to apply online for the dealership: • The applicant needs to go online and select the MSME Schemes

website of the petrol pump owner • He needs to click on register now and !ll in the application form
MSME Registration in India
after logging in with a username and password • He needs to !ll in his state, company name, area
where the petrol pump needs to be started, whether it’s a sole-proprietorship or partnership, personal
and business details etc on the form. • There is a fee which needs to be paid after which a registration GST
number will be provided. The applicant can check for the status of his application using this number.
GST Calculator
3. What is the di"erence between CODO – Company Owned Dealer Operated Petrol
Pump and DODO – Dealer Owned Dealer Operated Petrol Pump? GST Registration Online

In CODO – The investment is low as the owner only has to invest in land, the rest of investments, fees, www.gst.gov.in – Guide All About GST Portal
charges and expenses will be done by the company.In DODO – All expenses will be borne by the dealer
and so he will be rightful owner of all pro!ts as well. This kind of an investment required Rs. 60 lakhs – Di#erence in TIN, TAN, VAT, PAN, DSC & DIN?
1 Crore.
Free GST Invoice Generator
4. Who are the top dealers of Petrol Pump in India?
Types of GST in India
The top dealers of Petrol Pumps in India are: • Indian oil corporation Limited. • Essar Oil Limited. •
Bharat petroleum corporation Limited. • Hindustan petroleum corporation Limited. • Reliance GST Helpline & Customer Care Numbers
Petroleum Ltd Limited

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