Starting A Petrol Pump? Here’s How Much Land And Money You’ll Need
If you're considering starting your own business by opening a petrol pump , there are specific rules, land requirements, and financial considerations you'll need to follow. Here’s a breakdown of what you need to know.
License Requirements
To open a petrol pump in India, you’ll need to obtain a license from a petrol company. Both public and private companies, including Indian Oil, Bharat Petroleum, Hindustan Petroleum, Reliance, and Essar, offer licenses for petrol pump operations. Generally, these companies issue advertisements when they’re ready to license new locations, so staying updated on these announcements is essential.
Land Requirements
Land is a crucial component for opening a petrol pump. If you're planning to establish your pump on a state or national highway, a specific land area is required, usually between 1200 and 1600 square meters. You’ll need to have a legal agreement for this land to proceed with the licensing process.
Investment and Setup
In addition to securing land and a license, there are financial commitments involved. Start-up costs will vary based on factors like location, infrastructure, and company requirements.