What is the process for a petrol pump license

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What is the process for a petrol pump license

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Dealership selection process varies from company to company but there are certain requirements which are mandatory in order to obtain a petrol pump licence. They are as follows: Basic Eligibility Criteria: To be eligible to obtain a license for the dealership of petrol pump, the individual must be an Indian Citizen and a resident of India, as per the Income Tax rules. The applicant must also be not less than 21 years old and not more than 55 years. . –

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Title: What is the process for a petrol pump license


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Company Profile
  • Nayara Energy (formerly known as Essar Oil) is an
    integrated downstream oil company of
    international scale encompassing the entire
    hydrocarbon value chain from refining to
    production and marketing, across segments,
    including retail.
  • In 2016 Essar Oil was acquired by Rosneft, the
    worlds largest public oil and gas company by
    liquid hydrocarbon production and reserves and an
    investment consortium led by global commodity
    trading firm Trafigura UCP Investment Group.
  • Essar Oil has since been renamed to Nayara Energy.

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What is the Process for a petrol pump license?
  • Dealership selection process varies from company
    to company but there are certain requirements
    which are mandatory in order to obtain a petrol
    pump licence. They are as follows
  • Basic Eligibility Criteria
  • To be eligible to obtain a license for the
    dealership of petrol pump, the individual must be
    an Indian Citizen and a resident of India, as per
    the Income Tax rules. The applicant must also be
    not less than 21 years old and not more than 55
    years. Proof of age of the applicant must be
    validated by submitting a copy of 10th Standard
    Board Certificate or Secondary School Leaving
    Certificate or Birth Certificate or Passport or
    Affidavit for age or Identity card issued by
    Election Commission.

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Education Requirement Land Requirement
  • Education Requirement All applicants making an
    application for petrol pump dealership must have
    basic education. Petrol pump applicants must have
    passed a minimum 102 level of examination.
  • Land Requirement
  • Land is a major criterion in the selection of
    petrol pump dealers. The land required for the
    petrol bunk dealership may vary from company to
    comapny but the applicants can be classified into
    two broad categories.
  • -Applicants having a suitable piece of land in
    the advertised location/area either by way of
    ownership / long-term lease.
  • -Applicants having a firm offer for a suitable
    piece of land for purchase or long-term lease.

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Investment Requirement
  • Investment Requirement
  • To start a fuel station, the applicant must show
    the ability to invest a minimum of Rs.30 lakhs in
    case of regular petrol pumps and Rs.15 lakhs in
    case of rural petrol pumps. The funds for
    investment can be funds in savings accounts,
    deposits with the bank, National Savings
    Certificates, mutual funds etc.
  • If the applicant qualifies these basic
    requirements it can be assumed that he/she can be
    obtain a petrol pump license without a hassle and
    soon be a proud owner of his/her own fuel
    station.

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Reference
  • https//www.nayaraenergy.com/about-us
  • https//www.quora.com/unanswered/What-is-the-proce
    ss-for-a-petrol-pump-licence

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Thank You https//www.nayaraenergy.com/franchis
ees-businessmodel
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