Before starting any such start up business ideas, all entrepreneurs need to have a few things in mind. In this article, we will take a look at how to draft the perfect petrol pump station business plan, and why you should try such a plan out.
Anyone who wishes to open up a petrol pump business in India has to meet the following eligibility criteria.
Similar to starting a mobile tower dealership, entrepreneurs who wish to start a petrol pump station business also need to meet specific land requirement criteria. Most petrol companies advertise their sanctioned and allotted land locations before setting up a plant. Hence, all entrepreneurs must ensure their land falls under the following category before proceeding with the required construction;
The two types of retail outlets that entrepreneurs can open according to the location allotted are as follows;
When doing financial analysis for the petrol bunk business plan, the entrepreneur must consider the following expenses and costs;
One of the most significant costs that entrepreneurs need to consider when starting such a business is the licensing fees of the fuel. The common license fees for various fuels are as follows;
Sl No Type of Fuel Type of Outlet Price per KL (INR) 1 High-speed diesel B/DC retail outlet 16 2 High-speed diesel A/CC retail outlet 41 3 Motor spirit B/DC retail outlet 18 4 Motor spirit A/CC retail outlet 18
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