Petrol Pump Business has always been considered as one of the leading Profit making Businesses in the retail segment. In India, state-owned oil marketing companies like Indian Oil Corporation Ltd., Bharat Petroleum Corp Ltd. and Hindustan Petroleum Corp Ltd. etc. currently own most of the 66,408 petrol pumps in the country. Existing Private players - RIL, Nayara Energy (Formerly Essar Oil) and Shell – have aggressive expansion plans as well. RIL plans to restart all its pumps and expand thereafter; RIL has a licence to operate 5,000 pumps. Then, Essar Oil, which has announced takeover deal with Rosneft, plans to expand its network significantly. The company has a licence to operate 5,000 outlets. Further, Shell has a licence to open 500 outlets. All in all, private players (existing and upcoming) are expected to add 6,000-8,000 outlets by 2024. This will enable them to garner a market share of 12-15% in terms of outlets and 13-16% in terms of volume of fuel sold as they continue to focus on high throughput areas. While Nayara Energy, India's biggest private fuel retailer and Shell are offering franchisees but Reliance is open for dealership. This has thrown huge opportunities for the small entrepreneurs who wish to open their own fuel station. Moreover, Petrol Pump Station with Convenience Store has become very common nowadays. Petrol pumps are increasingly opening up convenience stores as a strategic plan to attract more visitors to their premises. This concept has been widely accepted amongst consumers, especially travellers, as they like to eat, drink, get freshen-up and buy supplies on their journey. In India, Convenience stores in Petrol Pumps are still at a nascent stage, thus providing huge untapped market potential for future growth.
A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.
This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format (Easy to Download, Convert into MS WORD through www.pdftoword.com, Edit for Personalised Customisation and Finally Printing the Report) to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.
§ Project at a Glance : To be Filled Up as per Personal Requirements.
[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].
§ General Information and Location: To be Furnished in the Blank Space.
[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].
§ Promoter’s Background : To be Furnished in the Blank Space.
[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].
The Project Report/ Business Plan so presented include all the important aspects containing the following details;
The presentation also supplements with important facts and useful information covering the areas as indicated below;
1.Statutory Permits and Business Licenses Required for Petrol Pump Business
2. Important Steps to Start Petrol Pump Business
3.Smart Tips to Follow in Petrol Pump Business
LIST OF ENCLOSURES
ENCLOSURE-1: BRIEF ABOUT PSB LOANS IN 59 MINUTES SCHEME.
ENCLOSURE-2: FAQ ON PSB LOANS IN 59 MINUTES SCHEME.
Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.