To acquire a new petrol pump dealership the applicant is required to follow set procedures so that the business runs smoothly and without any hassle in the longer run. The applicant has to obtain all statutory approvals and licenses from the government to set up the retail outlet. Also, companies charge an application fee if you wish to become a franchisee. The investment required to install a petrol pump varies from location to location. It will cost less in rural areas as compared to urban areas. The petrol pump dealership cost excluding the land will be minimum of 50-70 lakh rupees will be required to set up the petrol pump. The investment would be for two machines(petrol and diesel), canopy, a sales room, underground tank, fencing and electricals facilities. The applicant should also consider the amount to be invested for ATM machines and other complementary facilities as they are crucial elements that drive sales.
