Process to Open a Petrol Pump in India

Educational Requirements

The below-mentioned educational requirements must be met in order to open a petrol pump:

1. Applicants who fall under the C1 category and C2 category must have completed 10+2.
2. Urban Area: Applicants must have a Diploma in Engineering, a Graduation degree, Cost Accountant, Company Secretary, or Chartered Accountant.
3. The educational qualification must be from a recognised university.
4. SC/ST/OBC: 10th pass is mandatory.
5. General Category: 12th pass is mandatory.

Land Requirement

The land requirements to open a petrol pump are mentioned below:

1. The size of the land must be between 800 square metres and 2,000 square metres. The area that is required will depend on the location.
2. Legal documents must be clear for verification.
3. Individuals should be able to access the location easily.
4. The land must be in the applicant’s name or should be leased for a specific number of years.

Investment Requirements

An investment ranging between Rs.12 lakh and Rs.25 must be made. The amount of investment that must be made will depend if the petrol pump is opened in an urban area or a rural area.

The types of funds that can be used to open a petrol pump are mentioned below:

1. Bank deposits
2. Funds in the savings accounts
3. Mutual Funds
4. National Savings Certificate
5. Bonds
6. Listed company shares (Demat Form)

Get a Petrol Pump Business License

The process that must be followed to get the business license is mentioned below:

1. The application form must be purchased and filled up.
2. The application form and the relevant documents must be uploaded on the company’s official website.
3. Once the license has been obtained, a current account in the name of the petrol pump must be opened and a GSTIN number must be retrieved.

Application Process

1. Visit https://www.petrolpumpdealerchayan.in/.
2. Click on ‘Register Now’.
3. Enter the relevant details so that the account can be created.
4. Log in to your account with the ID and password.
5. Select ‘Available Advertisement’.
6. Enter the name of the company and the state.
7. Choose the area.
8. Select ‘Apply Now’.
9. Select ‘Partnership’ or ‘Individual’ next.
10. Enter the relevant details.
11. Select ‘Submit’.
12. Make the payment next to complete the process.