how to start petrol bunk in vellore Tamil nadu[/b]

I want details how to start petrol bunk in tamilnadu and how much cost

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I want details how to start petrol bunk in tamilnadu.

How to open a petrol bunk please give me a instruction

(26-08-2015, 10:23 AM)aravindjothi Wrote: I want details how to start petrol bunk in tamilnadu and how much cost

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I want details how to start petrol bunk in tamilnadu.

steps to start a petrol bunk in tamilnadu

Are you wishing to open a petrol pump in India? Are you looking for the detailed procedure to get a license for opening a petrol pump? Then you have searched the right page. Here we are having details regarding the process to open a general fuel station and getting dealership of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), Indian Oil (IOCL), Essar Oil or any other oil company. Also know the guidelines and formalities for getting the license and license fees.

Willing to open a petrol pump station in India? Owning a petrol pump is one of the best business venture options nowadays. But getting its license from oil companies is not as easy as making a cup of tea! There are many formalities, guidelines and procedures to open a station. But don't worry. You have searched the right page as we are going to provide you with complete information under one 'roof'.

Conditions or requirements to open a petrol pump station
Following are the eligibility requirements for individual applicants:
You must be an Indian citizen and a resident of India as on the date of affidavit.

Age of individual applicant must be 21-55 years (except for Freedom Fighter under CC2 category).

Minimum educational qualification required for rural ROs is 10+2 examination conducted by a Board/University and Graduation/ Chartered Accountant/ Company Secretary/ Cost Accountant/ Diploma in Engineering for regular ROs. For candidates belonging to CC1 and CC2 category, minimum education required is Class 10th and Class 10+2 examination conducted by a Board/University for rural ROs and regular ROs respectively. However, this norm of minimum education is not applicable to freedom Fighters under CC2 category.

Minimum fund requirement is Rs. 12,00,000 and Rs. 25,00,000 respectively for rural ROs and regular ROs. This fund can be in the form of savings accounts, deposits with bank/registered companies/postal schemes OR bonds OR shares of listed companies in Demat form OR mutual funds OR National Savings Certificates, etc. Please note that only 60% of the certified value of Shares, Mutual funds & Bonds will be taken into consideration for eligibility purpose.

All applicants must possess suitable piece of land in the area mentioned in advertisement. You may either own it or have it on long term lease for minimum time period as specified in the notification.

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.