What is the cost of opening a petrol pump in Delhi?
To start a petrol pump, the applicant must show the ability to invest a minimum of Rs. 25 lakhs in case of regular petrol pumps and Rs. 12 lakhs in case of rural petrol pumps.
How can I get petrol pump in Delhi?
1. The applicant must be an Indian citizen and if he/she is Non-Resident Indian i.e. NRI then he must live in India for at least 180 days before applying for a petrol pump or retail outlet. 2. The age of the applicant should be between 21 to 55 years (some relaxation for freedom fighters’ family).
Is petrol pump dealership profitable in India?
Is petrol pump business profitable in India? Ans- Yes, petrol pump business in India is a highly profitable sector. The commission per litre including the number of vehicles filled monthly could easily take your monthly profits up to 4 Lakh Rupees.
How do I lease my petrol pump?
If you do not have any land on your behalf, you can also take land in lease. You must obtain a No Objection Certificate(NOC) from the landowner for the same. To set-up an oil pump in Rural Area- The land must be in rural areas but not on the national highways or state highways.
Can I get loan petrol pump?
You must explore the details of the loans that are granted for the petrol pumps….Business Loan for Petrol Station Interest Rate and Other Details.
| Particulars | Details |
|---|---|
| Minimum Loan Tenure | 12 Months |
| Maximum Loan Tenure | 36 Months |
| Facilities | Term Loan and Overdraft Facilities are Available |
| Minimum Loan Amount | ₹5 Lacs |
What is KL in petrol pump?
Each of the around 4,700 petrol pumps in Maharashtra sells an average 350 kilo litres (KL) of petrol and diesel every month.
Which company has highest petrol pump in India?
It is the fastest petrol selling company in India, with 6000+ petrol pump stations across the country….
| Petrol Companies | Market Capital |
|---|---|
| Reliance Petroleum Limited | ₹58,928 crores |
| Cairn India | ₹53,529 crores |
| Hindustan Petroleum Corporation | ₹38,279 crores |
| Essar Oil Limited | ₹38,138 crores |
How many Litres of petrol is sold in a petrol pump?
On an average, every petrol pump sells almost five lakh litres of fuel, petrol and diesel both, every month. Vehicle owners buy almost eight thousand litres of petrol alone every day, assuming that equal number of petrol and diesel vehicles purchase fuel from the fuel stations.
What is the commission of petrol pump dealership?
Dealer Commission Rate India Oil Corporation Limited (IOCL) awards Rs 2.58 commission to dealers on every litre of petrol they sell, whereas the corporation pays Rs 1.65 as dealer commission on per litre of diesel.
Is petrol pump profitable in future?
But because of an increasing number of vehicles, the demand for gas is increasing day by day. In today’s date, starting a petrol pump business of your own is a very lucrative idea for young entrepreneurs. More and more people are buying vehicles day by day, Oil business is a money-making business for a long time.