Petrol pump income: How much do owners invest and really earn?
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Who offers petrol pump dealerships?
Several companies in India offer petrol pump dealerships, including Indian Oil, Bharat Petroleum, and Hindustan Petroleum.
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How much does it cost to open a petrol pump?
According to reports, the cost of opening a petrol pump in a rural area is up to Rs 15-20 lakh. In urban areas, it can cost up to Rs 30-35 lakh. 5% of the money is refunded.
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How much land is needed to open a petrol pump?
To open a petrol pump on a state or national highway, 1200-1600 square meters of land is required. You can also open a petrol pump by leasing land.
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How to get a petrol pump dealership?
To get a petrol pump dealership from Indian Oil, Bharat Petroleum, or Hindustan Petroleum, you need to register online, and then the companies contact you.
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What documents are needed to open a petrol pump?
Aadhaar card or Voter ID card, birth certificate, land documents or lease papers, approval from the Municipal Corporation and other authorities, bank statement, I-T documents.
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How much income is generated from a petrol pump?
The more petrol and diesel sold at the petrol pump, the higher the income. Under an estimate, at least Rs 2-3 lakh can be easily earned.
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How much income per liter of petrol?
The government gives petrol pump dealers a commission of Rs 3.66 per liter on petrol and Rs 1.85 per liter on diesel. This is how they earn.