Petrol Pump License: If you are also thinking of opening a petrol pump, then let us tell you how much money it costs. What is the complete application process for this.

Nowadays people like to do different types of business. But there are some businesses that cost a lot. The profit is also good. Opening a petrol pump is a good business in today's time. But the process of opening it is not so easy. For this, you have to complete many steps from the necessary documents to the application process and location approval. Some people think that there should be only land. Everything else will happen automatically. But this is not so, if you are also thinking of opening a petrol pump, then let us tell you what is the complete process for this.

Where to apply for a license?

The process of getting a license for a petrol pump has become completely online. For this you have to visit the official website of petroleum companies. Like Indian Oil, Bharat Petroleum or Hindustan Petroleum. Here, whenever the company issues advertisements for opening new outlets, forms are issued along with the list of vacant locations.

To apply, your location must be in that list. While filling the form, necessary documents, land related information and your identity details are sought. Apart from this, if you already have lease or documents related to your own land ready, then the further process can be completed quickly.

How much money does it cost?

After applying for a petrol pump license, different fees have to be paid at different steps. First of all, the application fee can be around Rs 100 for rural areas and up to Rs 1000 for urban or highway areas. After this, a non-refundable fee has to be paid, which depends on the availability and location of the land.

If you have your own land, then the fee is Rs 5 lakh for rural areas and Rs 15 lakh for urban or highway areas. Whereas if you are applying on the company's land. So the selection is done through bidding. The initial bid for which can be up to Rs 10 lakh for rural areas and Rs 30 lakh for urban areas. That means the total expenditure can be from lakhs to crores.