How can I start a petrol pump and what are the requirements - PowerPoint PPT Presentation

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How can I start a petrol pump and what are the requirements

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A new dealer selection process has been formulated in order to promote the transparency in awarding of petrol pump license and franchise by petroleum companies in India. Below are the requirements for setting up a petrol pump: 1) Basic Eligibility Criteria: To be eligible to obtain a petrol pump license and start a 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. – PowerPoint PPT presentation

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Title: How can I start a petrol pump and what are the requirements


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(No Transcript)
2
Company Overview
  • Nayara Energy is an integrated downstream oil
    company of international scale with strong
    presence in the hydrocarbon value chain from
    refining production to marketing in a number of
    segments including Retail.
  • Nayara Energy is committed to enhance Franchisee
    business by supplying high quality petrol
    diesel at reasonable rates to our Franchisees,
    adding other profitable business lines, sales
    commission and performance based returns on the
    core investment to keep our dealers viable for
    business at all times.

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How can I start a petrol pump and what are the
requirements?
  • A new dealer selection process has been
    formulated in order to promote the transparency
    in awarding of petrol pump license and franchise
    by petroleum companies in India. Below are the
    requirements for setting up a petrol pump
  • Basic Eligibility Criteria To be eligible to
    obtain a petrol pump license and start a 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.
  • Education Requirement Rural petrol pump
    applicants, who are SC/ST or OBC, must have
    passed minimum 10th standard and all other
    applicants must have passed a minimum 102 level
    of examination. In case of application under open
    category, the applicant must have passed minimum
    102 level of examination for rural petrol pumps.

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How can I start a petrol pump and what are
the requirements?
  • Investment Requirement To start a petrol pump,
    the applicant must show the ability to invest a
    minimum of Rs.25 lakhs in case of regular petrol
    pumps and Rs.12 lakhs in case of rural petrol
    pumps.
  • The funds for investment can be in the following
    forms
  • Funds in savings accounts, deposits with
    Bank/Registered Companies/Postal Schemes
  • National Savings Certificates, etc.
  • Bonds
  • Shares of listed Companies in Demat Form
  • Mutual Funds
  • Its important to note that cash, jewelry for
    which ownership cannot be established will not be
    considered. Also, balance in current account will
    not be considered.
  • Land Requirement Land is a major criteri

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How can I start a petrol pump and what are the
requirements?
  • Land Requirement Land is a major criterion in
    the selection of petrol pump dealers. The
    applicants are first classified into two groups
    as follows
  • Applicants having suitable piece of land in the
    advertised location/area either by way of
    ownership / long term lease.
  • Applicants having Firm Offer for a suitable piece
    of land for purchase or long term lease.
  • If you are fit the eligibility criteria, you can
    apply online on the websites of the petroleum
    companies in India. Nayara Energy provides
    transparent, seamless and quick enrolment
    commissioning process. Visit their website for
    more information or call them on 1800-1200-330.

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Thank Youhttps//www.nayaraenergy.com/
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