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One of the greatest and most successful businesses in India is the petrol pump company. However, applying for a petrol pump dealership is not an easy task. There is a slew of rules and procedures to follow. There are certain steps you must follow to apply for petrol pump dealership in India. In this article, you will learn about the detailed procedure to apply for petrol pump dealership in India.

Firstly, it is essential to understand the eligibility criteria set by oil marketing companies (OMCs). These criteria often include factors such as the applicant’s financial stability, experience in the retail sector, and the availability of a suitable site for the petrol pump. The next step involves obtaining and submitting an application form from the respective OMC, which can typically be done online or through a physical application process.

Investment required

To open a petrol pump in rural areas, the applicant needs to have funding of minimum Rs. 15 – Rs. 20 lakh. Whereas, for opening petrol pump in urban areas the investment amount can go up to Rs. 20 – Rs. 25 (if the land is self-owned). Besides cash and jewelry, applicants can use the below-mentioned types of funds for opening a petrol pump:

Bank deposits
Bonds and shares
Fixed Deposits
Mutual Funds
National Saving Certificates
Postal Scheme
Saving accounts

Note: Only 60% of value shall be considered for mutual funds, bonds, and shares.

Applying for a Petrol Pump Dealership in India

Petrol pumps’ licenses and franchises are required to be obtained from any one of the public and private sector Oil Marketing Companies (OMCs). As per the advertisements from the OMCs, opportunities shall be generated to open petrol pumps in 2023. The process involved in starting a petrol pump business is not known by many people; therefore let’s discuss some of the important information to open a petrol pump in India.

Leading Oil Marketing Companies (OMCs) publish advertisements in the newspaper or online related to their plans of setting up a number of petrol pumps in various cities and locations of the country. Applicants can apply online by visiting the OMC’s official website for opening a dealership in their desired location or area or can write in at the mentioned address published in the advertisement.

If there are lots of applicants applying for the same area or location then OMCs announce the names of winners via a lottery system, lots, or bidding process.