How much does it cost to open petrol pump in India?

Investment and Fees There are two types of charges for opening petrol pumps in India: Rs 12 lakhs for ROs for rural areas and Rs 25 lakhs for ROs in urban areas, though the amount may vary from company to company.

Is it profitable to open a petrol pump in India?

Total profit of the petrol pump business Monthly profit for the petrol pump business is 2 lakhs – 1.35 lakhs= 65000 Rs for rural areas. Monthly profit for the petrol pumps business is 4.2 lakhs – 1.95 lakhs = 2.15 lakhs /month for city side. There is 100\% no loss in this business.

How can I get petrol pump Licence in India?

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. To get the resident of India document, an individual must stay in India for 182 days or more in the previous Financial year.

What is Jio BP franchise?

Reliance BP Mobility Ltd (RBML), is a joint venture between two iconic brands, Reliance Industries Limited & bp. The JV was announced on July 9th 2020. Operating under the “Jio-bp” brand, the joint venture aims to become a leading player in India’s fuels and mobility markets.

Is VAT required for petrol pump?

Despite petrol and petroleum products, including diesel and natural gas, being not taxable under GST, filling stations will come under the tax ambit as they also sell lubricants and distilled water, which are not exempt. Therefore, Petrol pump dealer has to take VAT as well as GST registration.

How much does it cost to open a petrol pump in India?

There are two types of charges for opening petrol pumps in India: Rs 12 lakhs for ROs for rural areas and Rs 25 lakhs for ROs in urban areas, though the amount may vary from company to company. Cash, jewellery, current account balance will not be considered for investment in this business.

How can I invest in a petrol pump business?

Investment in land : First of all you need to have your land. The petrol pump companies will be paying rent for your place. This might cost minimum Rs.25 lakhs in any small town if the area is around 500 sq. Feet non agricultural land which should be also on the main road or highway.

How much space is required to open a petrol pump?

Ideally, the area of 800 sq. meters – 1200 sq. meters is suitable for opening a petrol pump. 4. Fees and Charges Also Know: Which is the best bank for a business loan in India?

How to choose the land for a petrol pump?

Just like with mobile towers, the land for petrol pump has to be chosen as per the analysis of the petrol companies. These petrol companies usually issue advertisements about sanctioned land locations, so you need to ensure your chosen land area falls under that category before proceeding with the application.