How to get Bharat Petroleum Corporation Limited franchise ?
Bharat Petroleum Corporation Limited franchise business is one of the best businesses in demand and Bharat Petroleum is the franchise business with good returns is a general perception among the significant proportion of the total population in our country.
We all know that Bharat petroleum petrol pump profitability has been changed over the past few years. An increase in petroleum engine vehicles across our country has pushed an increase in fuel demands and ultimately increased the need for fuel stations across all parts of the country. Moreover, the number of petrol pumps are also increasing day by day.
Reports reveal that on average each petrol pump in India fills almost Six lakh litres of fuel, petrol and diesel every month. Bharat Petroleum Corporation Limited (BPCL) doesn’t need any introduction and is a Government of India controlled subsidiary & termed as Navratna oil and gas company headquartered in Mumbai and has two major refineries in Kochi & Mumbai. The corporation operates 14000+ Petrol Pumps all over India. Here in this article, we have discussed the procedure for opening a BPCL Petrol Pump dealership in detail.
How do I become a Hindustan Petroleum dealer ?
Locations for BPCL Retail Outlet
Locations for the outlet are defined by BPCL as per the minimum value & requirement of the fuel in the locality.The criteria are quite similar to those of the HPCL Petroleum Franchise. BPCL defines retail outlets as Regular Retail outlet & Rural Retail Outlet
- Regular Retail Outlet (ROs) are the outlets on Highways (NH/SH) and Urban Semi-Urban areas
- Rural Retail Outlet (ROs) are the outlets in Rural regions but not on Highways (NH/SH)
Eligibility Criteria for Opening BPCL Retail Outlet
Residence: The resident should be a citizen of India as per Income tax rules
Age: The age of the applicant must be 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 Regular BPCL outlets, the applicant must have a minimum qualification of HSC level by a board or university.
Investment required for Bharat Petroleum franchise :
A minimal amount is required as an application form i.e 100 Rs for Rural Bharat Petroleum Corporation outlet application fee (Rs 50 for SC/ST applicants), 1000 Rs for Regular HPCL (50 Rs for SC/ST).
Once the application is approved, the investment required to obtain Hindustan Petroleum franchise/dealership varies according to outlets:
For Regular Bharat Petroleum Dealership/franchise ₹ 25 Lakhs investment is required
For Rural Bharat Petroleum Corporation outlets ₹ 12 Lakhs investment is required
As per Bharat 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 Bharat Petroleum petrol pump dealership (BPCL Franchise) profitable?
On average, after calculating all expenses the average profit per litre of petrol is around 1 ₹ to 2 ₹. Thus it all depends on the amount of consumption & locality of the 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 the 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 Bharat Petroleum 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.
