Hindustan Petroleum Franchise/Dealership : Investment required, how to get & Started
How to Get Hindustan Petroleum Franchise ?
Hindustan Petroleum Petrol pump franchise business is one of the best businesses demand and Hindustan Petroleum is the franchise business with good returns is a general perception among the significant proportion of total population in our country.
We all know that Hindustan petroleum petrol pump profitability has been changed over the past few years. Increase in petroleum engine vehicles across our country has pushed increase in fuel demands and ultimately increased the need for fuel stations across all part of the country. Moreover, the number of petrol pumps are also increasing day by day.
Reports reveal that on an average each petrol pump in India fills almost Six lakh litres of fuel, petrol and diesel every month Hindustan Petroleum Corporation Limited (HPCL) doesn’t needs any introduction and is a Government of India controlled subsidiary & termed as Navratna oil and gas company headquartered in Mumbai. The corporation operates 20000+ Petrol Pumps all over India. Here in this article we have discussed the procedure for opening an HPCL Petrol Pump dealership in detail.
How do I become a Hindustan Petroleum dealer ?
HPCL releases notifications for the HPCL outlet in leading newspapers after studying and knowing the feasibility of the location & demand in that area. After that, HPCL releases advertisement for the locations identified. You need to visit their site regularly for latest notifications & outlet releases, Accordingly, regular and rural HPCL retail outlets will also be set up by the company. Mainly there are two types of HPCL retail outlets, Regular HPCL Retail outlets & Rural HPCL Retail outlets.
- Regular HPCL Retail Outlet are Locations on National highways & urban and semi-urban areas
- Rural HPCL Retail Outlet are Locations in rural regions & Marketplaces but not on highways (NH/SH)
Eligibility Criteria for Opening HPCL Retail Outlet
- Residence : The resident should be a citizen of India as per Income tax rules
- Age : The age of the applicant must be in between 21 to 55 Years old, some relaxation is provided to the freedom fighters of India as per the CC2 category.
- Education : For operating a rural HPCL outlet , the applicant must have a minimum qualification of 10 th standard or high school.
For Tegula HPCL outlets , applicant must have a minimum qualification of HSC level by a board or university.
Investment required for HPCL franchise :
A minimal amount is required as application form i.e 100 Rs for Rural HPCL outlet application fee (Rs 50 for SC/ST applicants) , 1000 Rs for Regular HPCL (50 Rs for SC/ST).
Once application is approved, the investment required to obtain Hindustan Petroleum franchise/dealership varies according to outlets:
For Regular HPCL franchise ₹ 25 Lakhs investment is required
For Rural HPCL outlets ₹ 12 Lakhs investment is required
As per Hindustan Petroleum rules & regulations the funds can be in any of the following forms :
- Funds in savings accounts, deposits with a bank
- Companies or Postal Schemes
- Company shares ( 60% of the certified value are counted)
- National Savings Schemes
- Mutual Funds ( 60% of the certified value are counted)
Is petrol pump dealership profitable?
On an average, after calculating all expenses the average profit on per litre of petrol is around 1 ₹ to 2 ₹. Thuis it all depends on the amount of consumption & locality of petrol pump. Usually one petrol pump fills 50000 litres of fuel, both petrol & Diesel and thus one can make 50000 per day from a petrol pump if it’s in good locality or near a highway. Thus, you know your locality where you want to start the business. Thus this will give you an overview of Is petrol pump dealership profitable.
Documents Required to obtain HPCL franchise
- Proof of Residence
- Proof of Age –Birth certificate, passport, Aadhaar Card, School leaving certificate or voter ID
- Proof of Qualification – Degree or Marksheet from govt approved boards/ universities
- Redemption value – Valuation certificates along with a copy of NSC
- Valuation certificates along with a copy of the demat statement
- Registered societies or companies should have made a net profit for the previous three consecutive financial years duly certified by a Chartered Accountant
- Copy of Passbook, account statement, deposit receipts
- Valuation certificates and a copy of mutual fund certificates or demat statements
Disclaimer: The information provided in this post is for general informational purposes only and does not constitute professional advice. Please consult a qualified professional before making any decisions based on this content.
