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. Education Requirement: All applicants making an application for petrol pump dealership must have basic education. Petrol pump applicants must have passed a minimum 10 2 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. 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 licence without a hassle and soon be a proud owner of his/her own fuel station.
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