Jun 17, State oil companies plan to add an unprecedented 25, petrol pumps in one shot, nearly half as much as operational today, across the country after the government signalled them to do so, according to people familiar with the matter. The ministry allowed companies to prepare their own respective guidelines for appointing new petrol pump dealers last month on ground that a government guideline was no more needed since the sale of diesel and petrol are already deregulated.
Procedures involved in the installation of Petrol Pump The business needs to be set up by following the rules and regulation: The set up of the business in the field of any business requires its procedures to be followed so that the business runs smoothly and without any hassle in the longer run.
There are certain qualifications that have to be fulfilled in for opening a petrol pump in India so that there is less issues relating to the government requirements.
Here, when a set up of the petrol Pumps are done, the government requires the owners or the proprietor to follow certain rules and regulation so that the business has to follow when the same is started.
The reasons behind the obtaining of the license and following the rules and regulations required to start the business is to safeguard the business and to run the same with aptness in the procedures. There is lot of care that needs to be taken before understanding of the policy to start the business.
Deciding about the investment: The investment would be huge in case of the setting up of the petrol pumps.
If the person wants to take a dealership then the cost of the same would range close to 12 — 30 lakhs. There are different locations where the Pumps are to be installed and the same would include for the rural sector of land and the urban sector of land. The urban areas would include the highways.
There is no definite system of profits being aligned with regard to the rural or the urban sector as they differ with the location where the pumps are installed. To obtain a petrol pump license in India, applicant or candidate must be an Indian citizen and resident of India.
Minimum age requirement is 21 years, and maximum is 55 years. In rural areas 10th standard is must.
For current advertisement, please check oil companies websites. Petrol Pump Installation Faqs: I have a land on Highway. Is it possible to get a license for Petrol Pump?
The location for setting up of petrol pump dealership is decided by Oil Companies after studying feasibility. If you have a piece of land in advertised area then fill out the form and submit it to oil companies.
Selected and eligible candidates will receive a call for interview by selection committee of the company.• As per the existing Government policy, Petrol Pumps can be set up by Public Sector Oil Companies as well as Private Sector Oil Companies dealing in storage and distribution of petroleum products as per guidelines.
Presently, the Oil Companies engaged in retail business of automotive fuels are IOC, HPC, BPC, NRL, MRPL, ONGC, RIL, Essar and . The latest AA fuel price report shows national and regional average petrol and diesel fuel prices for the UK together with average prices in other European countries and USA.
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