Petrol pump business is a lucrative business with good returns is a general perception among the significant proportion of total population in our country. However, petrol pump profitability has been transformed dramatically over the past decades. The growing number of vehicles across our country has led to an increase in fuel demands and ultimately increases the need for petrol pumps. According to the reports, an average petrol pump sells almost five lakh litres of fuel, petrol and diesel every month in India. Hindustan Petroleum Corporation Limited (HPCL) is a Government of India controlled Navratna oil and gas company headquartered in Mumbai, Maharashtra. The corporation operates 14,675 Petrol Pumps all over India.
Locations for HPCL Retail Outlet
HPCL decides the location for setting up the dealership after studying the feasibility. After that, HPCL releases advertisement for the locations identified. Accordingly, regular and rural HPCL retail outlets will also be set up by the company.
- Regular HPCL Retail Outlet (ROs): Locations on highways (NH/SH) urban and semi-urban areas
- Rural HPCL Retail Outlet (ROs): Locations in rural regions but not on highways (NH/SH)
HPCL Retail Outlet Sites
| S.No | Type of Site | Status of Land & Facilities
|
| 1 | CFS Sites (Locations under Corpus Fund Scheme) | The offered land for outlet will be taken on purchased or lease-purchase and fully developed as the corporation owned site.
|
| 2 | 2 “A”/ “CC” sites (Other Corporation Owned Sites) | The offered land will be taken on purchased or lease and fully developed as the corporation owned site
|
| 3 | Company Leased Site | The offered land along with superstructure need to be developed by the dealer, and it will be taken on lease by HPCL. |
| 4 | “B”, “DC” sites (Dealer Owned sites)
| The offered land and the superstructure will need to be developed by the dealer. Petrol & Diesel pump, tank, automation, signage, etc. will be provided by the HPCL. |
Eligibility Criteria for Opening HPCL Retail Outlet
Eligibility Criteria for individual applicants for Partnership or Proprietorship of HPCL retail outlet is described below.
- A resident of India (as per Income tax rules) can own an HPCL Petrol Pump
- Age of the applicant should more than 21 years and not more than 55 years except for freedom fighters under the CC2 category.
- For operating a rural HPCL ROs, the applicant should have the minimum qualification of 10th standard
- For establishing regular HPCL ROs, the applicant should have the minimum qualification of HSC level of examination conducted by a board or university
Eligibility Criteria – Finance
For regular HPCL ROs, the fund requirements for eligibility will be Rs. 25 lakhs and in respect of Rural HPCL ROs the fund requirement for eligibility will be Rs. 12 lakhs. The funds can be in the following forms:
- Funds in savings accounts, deposits with a bank
- Companies or Postal Schemes
- Company shares
- National Savings Schemes
- Mutual Funds
Note: Only 60% of the certified value (for shares, mutual funds & bonds) will be considered for eligibility.
Eligibility Criteria for Entity (Non-Individual Applicants)
Non-individual applicant or entity refers to Government bodies or agencies, societies registered under Societies Registration Act or societies registered under co-operative societies Act, or co-operative societies act as enacted by concerned states, charitable trusts registered with the charity commissioner, companies formed under the Companies Act (except Pvt. Ltd. companies).
Residential status: The entity should be registered in India
Age: The date of Registration or incorporation of the firm or entity should be at least three years
Land: Concerning land, all conditions covered for individuals would apply excepting clauses are given for land owned by the family unit.
Finance: All conditions covered for individuals will be applied excepting finance offered by the family unit.
Investment Details – HPCL Retail Outlet
The capital investment required for setting up of an HPCL petrol pump outlet varies from location to location depending on the cost of land, size of plot and facilities needed to be developed to meet the requirements of consumers in the trading area of the HPCL retail outlet. The approximate investments required for the development of infrastructure and facilities at New HPCL retail outlets will be indicated in the advertisement.
Bidding amount
In case of dealer-owned or company leased sites, a non-refundable fixed fee of Rs. 5 lakhs for Rural HPCL retail outlet and Rs. 15 lakhs for Regular HPCL retail outlet will be payable.
In case of HP corporation owned sites involving bidding for allotment, the minimum bidding amount of Rs. 10 lakhs for Rural HPCL retail outlet and Rs. 30 lakhs for regular retail outlets will be payable. The applicant needs to deposit Rs. 50,000 for Rural HPCL ROs and Rs. 1.5 lakhs for Regular HPCL retail outlets.
HPCL Retail Outlet Application Fee
- Application fee of Rs.100 for Rural HPCL ROs have to be paid, and price for SC/ST applicant is Rs.50
- For applying regular HPCL retail outlet application fee of Rs.1000 have to be paid. Fee for SC/ST category is only Rs.500.
Note: The application fees have to be paid in the form of demand draft in favour of the HPCL.
Documents Required
Following documents need to be furnished to apply for HPCL retail outlet dealership.
- Residence certificate
- Proof of age – Secondary School Leaving Certificate, birth certificate, passport or voter ID
- For educational qualification from overseas universities, or boards, an equivalent certificate issued by the competent authority or State Government or Central Government
- 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
Documents Required for Ownership Proof
The applicant should submit at least any one of the following materials in support of ownership of land offered for the HPCL Dealership:
- Khasra or Khatauni or any other equivalent revenue document or certificate from revenue officers confirming the status of the purchase of the property
- Registered lease deed for a minimum period (as per advertisement)
- Registered gift deed or registered sale deed
- Any other type of ownership or transfer deed document such as Mutation record
- Lease agreement letter issued by the Government or Semi Government bodies
HPCL Retail Outlet Dealership Selection Procedure
HPCL Retail Outlet (Petrol Pump) dealership selection will be made by inviting applications through advertisements under appropriate category in two newspapers (English and one Hindi / vernacular). Preference will be made through a draw of lots or bidding process depending upon the type of HPCL retail outlet site. Details will also be mentioned against each location in the advertisement.
FAQs
What is HPCL?
HPCL (Hindustan Petroleum Corporation Limited) is a leading oil and natural gas company in India, engaged in refining, distribution, and marketing of petroleum products.
How can I apply for an HPCL petrol pump dealership?
To apply for an HPCL petrol pump dealership, interested candidates can visit the official HPCL website or contact their regional offices for detailed information about the application process, eligibility criteria, and required documents.
What is an HPCL petrol pump dealership?
An HPCL petrol pump dealership is a business opportunity offered by HPCL to individuals or entities interested in setting up and operating a petrol pump (retail outlet) under the HPCL brand.
Practice area's of B K Goyal & Co LLP
Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online
Company Registration Services in major cities of India
Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow
Complete CA Services
RERA Services
Most read resources
tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password | internal audit applicability | preliminiary expenses | mAadhar | e shram card | 194r | ec tamilnadu | 194a of income tax act | 80ddb | aaple sarkar portal | epf activation | scrap business | brsr | section 135 of companies act 2013 | depreciation on computer | section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta