Business Idea: You can earn a lot from petrol pump business, know how much investment you will have to make and how to get the license..

Petrol Pump Business: The rising inflation every day has made the common man's life miserable. In such a situation, the prices of petrol and diesel are also increasing. Despite their prices increasing daily, their demand is increasing. In such a situation, you can also earn a lot of money by opening a petrol pump.

Opening a petrol pump (petrol pump business idea) in India can be a lucrative business opportunity for individuals wishing to invest in the retail fuel sector. However, it requires significant financial investment, regulatory compliance, and industry knowledge.

Opening a petrol pump costs a lot, and it is also necessary to have a lot of qualifications for this. In such a situation, today we are going to tell you what the requirements are if you want to open a petrol pump in India (process for opening a petrol pump).

Eligibility to open a petrol pump-

Under the eligibility criteria for opening a petrol pump (petrol pump business) in India, the applicant must be at least 21 years of age. Along with this, the applicant should have completed 10th class (SSC) or equivalent from a recognized board. The applicant should have at least 3 years of experience in running a retail outlet, business, or any other related field.

At the same time, the minimum net worth of the applicant is also seen, as well as the applicant should not have any criminal record and he should not be a defaulter in any other business loan.

How much money will have to be invested-

Let us tell you that to start a petrol pump business, you need a big investment. To open it in the village, you will have to spend at least Rs 15 to 20 lakh.

At the same time, to start this business in urban areas, you will need an investment of Rs 35 to 40 lakh. With this business, you can earn up to Rs 10 to 15 lakh every month, Companies give you a commission according to the area.

Land requirement-

The land requirement for setting up a petrol pump in India depends on the location and number of distribution units. The land should be owned by the applicant, and it should be free from any legal dispute.

To open a petrol pump, there should be at least 800 square meters of land in an urban area and a village. At the same time, to open it on the State Highway and National Highway, at least 1200 square meters of land is required.

Investment required to open a petrol pump in India

The investment required to open a petrol pump (petrol pump business) in India depends on various factors such as land cost, construction cost, equipment cost, and license fee. The details of the investment required to open a petrol pump in India are as follows:

Land cost: The cost of land depends on the location and size of the land required. The price of land can range from Rs 20 lakh to Rs 1 crore.

Construction cost: The construction cost depends on the design, material used and size of the petrol pump. The construction cost can range from Rs 30 lakh to Rs 1 crore.

Equipment cost: Equipment cost includes the cost of fuel dispensing units, storage tanks, and other equipment required to run a petrol pump. Equipment cost (Business Idea) can range from Rs 20 lakh to Rs 50 lakh.

License fee: License fee includes the cost of obtaining necessary permits, licenses and approvals from government authorities. License fees can range from Rs 2 lakh to Rs 5 lakh.

Disclaimer: This content has been sourced and edited from Hr Breaking. 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.