Petrol Pump License
In India, one of the most lucrative business ventures is operating a petrol pump. The business has experienced a surge in recent years due to the steadily rising need for fuel. Additionally, the number of cars on Indian roadways has been rising annually, which has led to an increase in consumption of fuel. Secure Your License, Unlock Opportunities by registering it at RegisterKaro.
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Overview on Petrol Pump License
To increase the number of locations where Oil Marketing Companies can grant licenses for gas pumps, a new dealer selection process has been established. The candidate is first evaluated in accordance with the new process in comparison to pre-established qualifying conditions. All applicants who satisfy the eligibility requirements move on to the next round, when dealers are selected by drawing lots. These days, choosing a gasoline pump dealer or gasoline pump dealer is heavily influenced by eligibility requirements.
- Eligibility for a license to operate a Petrol Pump
- How to apply for Petrol Pump License?
- Required Investment for the Procurement of a Fuel Pump License
- Need for Land to Begin a Petrol Pump
- The licenses and certificates required to open a Petrol Pump
- Summary
- How RegisterKaro helps you in getting Petrol Pump License?
- Why RegisterKaro?
- Frequently Asked Questions
Petrol Pump License
Eligibility for a license to operate a Petrol Pump
The following qualifying requirements must be fulfilled in order to obtain a fuel pump license:
1. The candidate needs to be an Indian citizen.
2. The candidate must be an Indian resident or have spent more than 182 days in India during the previous fiscal year.
3. The applicant's age must fall between 21 and 58 years old.
4. You Must Present Documentation of Your Identity.
5. The applicant's age must be confirmed by providing copies of their birth certificate, passport, secondary school leaving certificate, matriculation certificate, etc.
How to apply for Petrol Pump License?
Typically, Oil Marketing Companies place advertisements in newspapers or on their website to establish gas stations in various areas throughout the nation. An application for the post of Franchisee of Retail Outlet is available on the official portals of numerous oil companies, such as Essar Group, IOC, Hindustan Petroleum, etc. A lottery system is used to choose the candidate if the Oil Marketing Company receives a large number of applications. The chosen candidate must provide the oil firm with the relevant paperwork within the time frame that the company specifies. Following license issuance, the applicant must register a new account on behalf of his gas pump and obtain the GSTIN number in order to pay the GST.
The process for obtaining a gas pump license is outlined below, and applicants may apply online:
Step 1.
Go to the www.petrolumpdealerchayan.in website.
Step 2.
Click the "Register Now" link on the homepage.
Step 3.
To expedite processing, please complete the form and create an account.
Step 4.
Enter your username and password to log in, then select the available advertisement from the dashboard.
Step 5.
Choose your preferred company name and state of residence now.
Step 6.
Following that, you will see the location in your state of choice where the company wants to open the gas pump.
Step 7.
Select Your Local Area and Click "Apply Now"
Step 8.
Now, within the allotted forty minutes, complete the form.
Step 9.
Make your selection (individual or partnership) using the drop-down box, then pay the Rupee 10,000 fee.
Step 10.
Now complete the form with all required information, attach a photo, and sign it. Then click the submit button.
Step 11.
You will now pay the fee to finish the procedure.
Required Investment for the Procurement of a Fuel Pump License
To initiate a conventional gas pump, the candidate must demonstrate the potential to invest a minimum of Rs. 25 lakh, and for rural gas pumps, the candidate must demonstrate a minimum investment of Rs. 12 lakh. The following formats are possible for the investment fund:
1. Money in savings accounts, bank deposits, or registered businesses
2. Certificates of National Savings
3. Bonds
4. Dematerialization Form Shares of Listed Companies
5. Mutual Funds
It said that things like money, jewelry, and other things whose ownership cannot be established will not be taken into consideration. The balance of the current account will also not be taken into consideration. Bonds, mutual funds, and share values will only be taken into account to the extent of 60%. Obtain a CA's valuation certificate for the assets.
Need for Land to Begin a Petrol Pump
Upon fulfilling these fundamental prerequisites, the candidate may effectively submit an application for a gas station dealership. To select the best candidate to open a gas station in the designated area, there is a subsequent stage that entails a drawing or bidding procedure. To find out where you can start a gas station, look for ads in the newspaper and check the Petrol Pump Dealership Chayan website often.
The area must, as a minimum, fit within the range of 800 to 2000 square meters in terms of land requirements. On the other hand, one should search for the minimal land requirements that the Oil Marketing Company posts for different areas. The locations of sanctioned land listed in the advertisements may differ, thus it is up to the individual to make sure their land satisfies the criteria.
One may either own or lease the land. However, ensure that the leasing duration is registered in accordance with the oil dealership's agreement. First and foremost, the land needs to be conveniently accessible. In addition, the land needs to be leveled and developed. For the purpose of the verification procedure, all of the land's legal documentation must be in order.
That's all there was to it when it came to obtaining a license to open a gas station dealership in India. Please ask any queries you may have below.
The licenses and certificates required to open a Petrol Pump
An application needs to be granted specific certifications and permission in order to operate a gas station successfully. Below are a few instances:
1. Certificate of No Objection From The Governing Body
2. Authorization From The MCA
3. Certification of the Fire Safety Office and No Objection Certificate from Associated Authorities
In Summary
It was determined that Oil Marketing Companies place advertisements in newspapers or on their official website to establish gas stations at various points throughout the nation. An application for the post of Franchisee of Retail Outlet is available on the official portals of numerous oil companies, such as Essar Group, IOC, Hindustan Petroleum, etc. A lottery system is used to choose the candidate if the Oil Marketing Company receives a large number of applications. The chosen candidate must provide the oil firm with the relevant paperwork within the time frame that the company specifies.
How RegisterKaro helps you in getting Petrol Pump License?
RegisterKaro has been one step solution for getting Petrol Pump License, because of the varied ranges of benefits such as:
Group of Experts: RegisterKaro holds a large group of experts from all over the world having specialization in getting Petrol Pump License. Our team of experts make sure that you work is taken care of in the most effective possible manner.
Cost-effective: RegisterKaro Petrol Pump License registration are of premium quality at the most efficient rate, which suits the client’s pocket, making sure that quality service is not the only thing which client gets on our platform.
Client-oriented approach: Our team of experts is well trained and equipped with a client-oriented approach, keeping in mind that the process must be client-centric, focusing on meeting all the requirements of their business and, therefore, satisfying their needs.
Trust builders: RegisterKaro builds the trust among its clients and because of only this trust we have built a good network in worldwide marketplace.
Trusted partner of 10000+ Clients: RegisterKaro has earned the trust of more than 10000+ clients who have availed our Petrol Pump License registration services. Their trust in us from a term in continuity is proof of our services backed by quality and assurance.
Why RegisterKaro?
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FAQs
What is the cost to open a petrol pump?
Depending on a variety of criteria, including location, infrastructure, and kind of fuel pump, the required investment to open a gas station in India can range from ₹1 crore to ₹5 crore or more.
Can I sell petrol without license?
No one is permitted to transport or send petroleum to any person in India unless they are the owner of a storage license granted in accordance with these regulations, or their designated agent, a port authority, a railway administration, or an individual permitted by the Act to store petroleum without a license.
How many petrol pumps can a person own?
The restriction of one pump per family will still apply to CODO pump dealers. An executive at a state oil company stated, "Rules have been relaxed to boost entrepreneurship in the sector, which is now open to private pumps."
Can I sell petrol in bottle?
According to the Petroleum Act of 1934, gasoline may only be sold in glass, ceramic, or metal containers. Only those with a license to purchase gasoline may purchase it in containers made of materials that have been approved.
What are the rules of petrol pump?
Rules of petrol pump are as follows:
- Please refrain from smoking on the Petrol Pump property.
- It is forbidden to fire a matchstick inside the Petrol Pump area.
- When refueling, it is advisable to exit the vehicle.
- Carrying gasoline or fuel in glass or plastic bottles is not advised.
What is petrol law?
A legislation pertaining to the import, transportation, storage, production, refining, and blending of petroleum was consolidated and amended in 1934 with the passage of the Petroleum Act.
Which NOC is required for petrol pump?
District Administration For the storage and sale of fuels, such as gasoline, diesel, CNG, and other fuels, NOC is essential and required.