Procedures involved in the installation of Petrol Pump
The business needs to be set up by following the rules and regulation:
The set up of the business in the field of any business requires its procedures to be followed so that the business runs smoothly and without any hassle in the longer run. There are certain qualifications that have to be fulfilled in for opening a petrol pump in India so that there is less issues relating to the government requirements. Here, when a set up of the petrol Pumps are done, the government requires the owners or the proprietor to follow certain rules and regulation so that the business has to follow when the same is started. The reasons behind the obtaining of the license and following the rules and regulations required to start the business is to safeguard the business and to run the same with aptness in the procedures. There is lot of care that needs to be taken before understanding of the policy to start the business.
Deciding about the investment:
The investment would be huge in case of the setting up of the petrol pumps. If the person wants to take a dealership then the cost of the same would range close to fifty lakh. There are different locations where the Pumps are to be installed and the same would include for the rural sector of land and the urban sector of land. The urban areas would include the highways. There is no definite system of profits being aligned with regard to the rural or the urban sector as they differ with the location where the pumps are installed.
Also Read : Profit Margin In Petrol Bunk Business
The procedures involved in the setting up of the petrol pumps in India would be as mentioned below:
The license fee differs with regard to the dealer owned pumps and the other categories thus designated. The same would be used for the starting of the bunk in the concerned area as decided by the owner. The rural petrol bunk installation would involve the amount of rupees hundred in case of the urban areas the same and would be for rupees one thousand. This fee would be no refunded and an owner can apply for only one location and cannot have more than one in another location.
The allotment of the petrol pump involves procedures and the same has to be cleared before the same has been given the license to install in the location decided by the company.
There is also a fee for the installation of petrol pump in India and it is different for different type of ownership. The one that are owned sites or those who are leased out for the installation of the bunks would include the fees to be paid as rupees five lakh that would be not returned to the proprietor. This is applicable for the rural areas. The amount that is fixed as a fee for the urban areas that has been again leased our or owned by the proprietor would be fifteen lakh and which is also not refunded. There are also the sites which are owned by the corporation. This has been put to bidding and the bidding would range which is close to ten lakh and for the rural areas the same would range to thirty lakh accordingly. The option for the Defence personnel, Freedom fighters, schedule tribe and the schedule tribes, and also for physically handicapped people is provided.
The option of applying for the license also available online:
The advertisements would be published in the newspapers for the requirement of the bunks to be established by the oil companies. The same can be downloaded from the company’s web site and along with the application the related affidavit, whether it is a partnership or sole proprietorship and the location where it has been offered to be installed should be filled and submitted before the due date as specified in the advertisement. The demand draft for a considered fee is taken in the company’s name and sent to the company’s address as stated on the advertisement. The company will then decide on the allotment of the same accordingly.