Indian Oil Petrol Pump Dealership: Basic Criteria, Advertisement, Investment, Applying Process

Indian Oil Petrol Pump Dealership: Application Form, Basic Criteria, Requirements, Investment, Advertisement, Applying Process

Indian Oil Corporation Limited (IOCL) is one of the largest and major petrochemical companies in India. There are three major companies in India. This includes Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, and Indian Oil Corporation Limited. Today in this article, we will discuss the Indian Oil Petrol Pump Dealership Retail Outlet Advertisement 2022. If anyone wants to open Indian petrol pump Dealership, then Indian Oil will surely provide you with that opportunity.

Indian Oil deals in oil, gas along with petrochemical alternative energy sources. In the year 2019-20 company’s turnover was 6,67,950 Crore Rupees. It is also holding 151 ranks in the world’s largest copper rates in the Fortune Global 500 listing. Their prime objective is to become number one in the list of the world’s largest Corporations.

As India’s flagship national oil company in the downstream petroleum sector, Indian Oil has been fueling the energy demands of India for over five decades. With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, Indianian plays a significant role in fueling the socio-economic development of the country.

Indian Oil Corporation Limited(IOCL) Company Details:

Websitehttp://www.iocl.com
TypePublic Sector Enterprise
IndustryOil and Gas
Establishment1959
HeadquartersNew Delhi, Delhi
Traded as

BSE: 530965  & NSE: IOC

Product
  • LNG
  • Lubricants
  • Natural gas
  • Petrochemicals
  • Petroleum
Subsidiaries

Indane (LPG) & Chennai Petroleum Corporation Limited

Predecessor

Indian Refineries Ltd. (1958) &  Indian oil corporation (1959)

Suitable Location Of Indian Oil Petrol Pump Dealership:

As we all are aware that the Indian Oil deals with petrol as well as diesel retail outlets. Now the company is acquiring a suitable land area. So that they can ensure your dealership.

  • For the regular retail outlets:– For this, the company acquires a location of a national highway and urban semi-urban regions.
  • For the rural retail outlets:- It is also known as Kisan Seva Kendra(KSK). As they are situated in rural regions and not on highways.

Indian Oil Petrol Pump Dealership(ROs) Selection Process:

  • A State-wise advertisement will be published in local newspapers both in English as well as the regional language of that region.
  • If anyone finds this advertisement fascinating, then they can easily apply for an Indian Oil petrol pump dealership. After their application, the selection process is entirely based on the taken interview.
  • During this selection, procedure land is also a very essential part.

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Eligibility Criteria For Indian Oil Petrol Pump Dealership:

The eligibility criteria for starting Indian Oil Petrol Pump Dealership retail outlet is explained in detail below:

For Individuals:

  • The applicants should be a citizen of India.
  • Age of the IOCL dealer should not be less than 21 years and not more than 55 years except for Freedom Fighter under the CC2 category.
  • For operating a Kisan Seva Kendra (Rural ROs), the applicant should be passed the minimum of 10th standard. In case the applicant cannot have minimum qualifications then he should be able to read write and count.
  • For Regular ROs(Urban areas), the applicants should pass the 12th standard from any recognized board.
  • In case of Kisan Seva Kendra, an applicant should be resident of the concerned District.
  • In case you belong to SC/ST category then you can apply under SC/ST dealership, (Corpus Fund Scheme)
  • Widows can also apply for IOCL dealership as based on the advertisement.
  • Outstanding Sports Persons (OSP) such as Arjuna Awardees, Asiad /Commonwealth Games and Recognised World Champions, Winners of Medals at Olympics, National Champions under the Recognised National Championships, National Adventure Awardees is eligible under reserved category.
  • Freedom fighters can apply for IOCL dealership under reserved category.
  • Paramilitary/Police/Govt. Personnel (PMP) is also eligible for reserved category IOCL retail outlet dealership.

For Partnerships:

All partners should have to individually fulfill the eligibility criteria as specified above and each partner should submit separate application forms.

For Entity (Non-Individual Applicants):

Non-individual entity applicant means Government Bodies or Agencies, Societies registered under Societies Registration Act 1860 or societies registered under Co-operative Societies Act, 1912 or Co-operative Societies Act, Charitable Trusts registered with Charity Commissioner, Companies formed under the Companies Act, 1956 and 2013 (except Pvt. Ltd. companies).

  • The entity should be recorded in India
  • The date of Registration or incorporation of the entity should be a least three years
  • Land: Concerning land, all conditions covered for individuals would apply excepting clauses are given for property owned by the family unit.
  • Finance: All conditions mentioned for individuals will be applied for the entity.

For Finance:

For Regular IOCL retail outlet, the fund requirement for eligibility will be Rs. 25 lakhs and for a rural retail outlet the fund requirement for eligibility will be around Rs. 12 lakhs. The funds can be in the below-mentioned forms:

  • Mutual Funds
  • Funds in registered companies or Postal Schemes
  • National Savings Schemes
  • Funds in savings accounts, deposits with Bank
  • Company shares

Note: Only 60% of the certified value (for stocks, Mutual funds & Bonds) will be considered for eligibility.

 

Not Eligible Applicants case:

  • A person selected for the IOCL Petrol Pump Dealership will have to pay attention towards day to day working by personally managing the affairs of the ROs dealership.
  • IOCL Petrol Pump Dealers will not be permissible for taking up any employment.
  • If the selected dealer is already employed, he or she will have to resign from the employment and have to submit a letter of acceptance of the resignation before the issuance of a letter of appointment (LOA) by the IOCL.
  • The LOA holder will have to give a notarized affidavit stating that she or he is not employed in the private sector or is not drawing any salary.
  • An entity selected for the IOCL Petrol Pump Dealership will have to manage the day to day working or affairs of the dealership under the supervision of their employees and in line with the provisions of the dealership agreement.

 

Space Required to Open Indian Oil Petrol Pump Dealership :

If you want to open Indian Oil Petrol Pump Dealership in the advertised location then the area required depends on your location. i.e your area comes under Rural, Urban, National Highway or others.

For Rural: 900 sq. mtr

For City: 600 sqmtr – 700 sqmtr

For Urban: 1200 sqmtr.

For NH/SH: 1200 sqmtr – 1600 sqmtr.

Note: 1 sqmtr = 10.76 sqft

 

Documents Required:

The applicant should furnish below-mentioned documents along with application form for IOCL retail outlet dealership.

  • Permanent Resident Certificate.
  • Proof of age should be supported by a copy of 10th Standard Board Certificate, Secondary School Leaving Certificate, Birth Certificate, Passport, and Identity card issued by Election Commission.
  • Educational Qualification from overseas universities, boards, an equivalent certificate issued by the competent authority or State Government or Government of India.
  • Copy of Passbook, account statement, deposit receipts.
  • Redemption value – Valuation certificates along with a copy of NSC.
  • Valuation certificates along with a copy of the Demat statement.
  • Valuation certificates along with a copy of mutual fund certificates or Demat statements
  • Registered societies or companies should have made a net profit for the previous three consecutive financial years duly certified by a Chartered Accountant
  • Outstanding Sports Persons should attach a copy of the certificate from the from the Department of Youth Affairs and Sports, Govt. of India.
  • Defence Personnel category person need to produced a certificate from Directorate General of Resettlement (DGR), Ministry of Defence, Government of India.
  • Persons applying for dealerships under Freedom Fighters (FF) category should attach a certificate or Tamrapatra or a Pension Order issued by the Ministry of Home Affairs, Govt of India.

 

Documents Related To land for Indian Oil Petrol Pump Dealership:

  • For the land, you need to submit the Khasra and Khatauni documents that the Revenue Department will issue.
  • In the case of a lease, there is a need for a registered lease deed for a certain period of time.
  • The Registered sale deed for the registered gift deed.
  • Lease agreement letter that government or semi-government bodies have issued.

 

Documents Required for Ownership Proof:

The applicant should furnish at least any one of the following materials in support of ownership of land offered for the IOCL petrol pump Dealership:

  • Khasra or Khatauni or any equivalent revenue document or certificate from revenue official confirming the status of the purchase of the land
  • Registered Lease deed for a minimum period
  • Registered Sale deed or Registered Gift Deed
  • Any other type of ownership or transfer deed document – Mutation
  • Lease agreement letter issued by Government or Semi Government bodies

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Also Read: JIO-BP Doorstep Delivery of High Speed Diesel in 2022- Baisc Cost, Profit, Apply

Facilities on Indian Petrol Pump Dealership:

Below mentioned basic facilities will have to be provided by each IOCL Petrol Pump Dealership:

  • Driveway(Anyone can easily drive their vehicle inside petrol pump)
  • Salesroom (as per approved drawing)
  • The area should be surrounded with mount tree Boundary wall/Fencing (as per approved drawing
  • Electrification (inclusive of deposit)
  • Fire extinguishers (as per norms)
  • Tyre Air Facility
  • Toilet/Urinal
  • Water Facility

 

Bidding amount:

In case of dealer-owned or company leased sites, a non-refundable fixed fee of Rs. 5 lakhs for Rural IOCL (Kisan Seva Kendra)  retail outlet and Rs. 15 lakhs for Regular IOCL  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 IOCL  retail outlet and Rs. 30 lakhs for regular retail outlets will be payable. The applicant needs to deposit Rs. 50,000 for Rural IOCL ROs and Rs. 1.5 lakhs for Regular IOCL retail outlets.

Application Fee for IOCL Retail Outlet Dealership

  • Application fee of Rs.100 in respect of Rural ROs have to be paid, and fee for SC/ST applicant is Rs.50 in respect of Kisan Seva Kendra.
  • For applying for regular IOCL ROs application fee, Rs.1000 has to be paid. Fee for SC/ST category is Rs.500.

Note: The application fee needs to be paid in the form of demand draft in favour of the IOCL.

 

Support from IOCL:

Other site-specific customer service facilities, as may be specified by IOCL from time to time. In the case of KSK (Kisan Seva Kendra) Dealer selected under ‘Corpus Fund Scheme’, rural ROs will be developed by IOCL, which will include the facilities mentioned above. In addition to the above facilities, IOCL will also provide Land development, Storage tank and Pump, Low-cost main signage, KSK Signage, Hand tube well.

IOCL Petrol Pump Dealership Commission Rate:

India Oil Corporation Limited (IOCL) gives Rs 2.58 commission to dealers on every litre of petrol they sell, whereas the corporation pays Rs 1.65 as dealer commission on per litre of diesel. But you can earn more by increasing the sell.

 

How to Apply for the IOCL Petrol Pump Dealership?

To apply for the Indian Oil Petrol Pump Dealership, you can watch a video or follow some steps which is given below:

  • In the initial. step, you have give information about the location in which you want to open the Indian Oil petrol pump.
  • At the location, you have. give information about Block name, tahsil district name.
  • Then choose a category in which you want apply.
  • Also, give information about the advertisement release date for which you want to apply.
  • For individual applicants you need to give information like your name, father/husband name, complete address, phone number, pin code, nationality, date of birth, education qualification, permanent resident address, gender, marital status.
  • In the next step, there are some questions in front of your screen. You have to give an answer in yes or no.
  • In the next section you have to give information about your current business, gross income last financial yea, do you have any previous experience of business, are you physically mentally fit details should be mentioned in this .rm.
  • The next section provides land details. Give information about the land on which you want to open IOCL dealership 2022.
  • The next section is a nearby landmark.
  • Ownership details are also mentioned in this form.
  • In case your land is on a lease, then you have. submit proper documents of your lease deed.
  • A person who belongs to SC, ST section then provide your details.
  • In the next section, you have. give information about demand draft pay order number rupees information and drawn date.
  • In the end, you have to read the undertaking section. If you accept then write your name in the undertaking and fill in place dale name a. then sign.
  • The applicant also has to submit an affidavit in a standard format. This affidavit will be attached with the application form.
  • This affidavit will be on stamp paper of appropriate value as applicable in the concerned state.
  • Stamp paper should be purchase in the favour of the deponent.
  • If you will be selected for the dealers when you have t0 deposit 1 lakh rupees as security. This amount will be refundable.

Applying process Video:

 

Process of Selection of Indian Oil Petrol Pump Dealership(ROs):

The locations identified as above will be advertised in two newspapers, one in English and one in a regional vernacular newspaper having wide circulation in the area where the location falls in case of Regular ROs and case of Rural RO in one local/vernacular newspaper and one state-level newspaper. Persons meeting the eligibility criteria can apply for IOCL retail outlet, and the selection will be made from among the eligible applicants after the due interview process.

The applicant can also get advertisements details from the official website of IOCL.

Direct offers of retail outlet land can also be considered for development of IOCL Retail Outlet petrol pump dealership. In such cases, after the receipt of such direct provides viability of the location will be assessed, and if found viable, the advertisement will be released in two leading newspapers. The final selection of the IOCL dealer will be by evaluation of the land offered.

Note: Government Agencies or PSUs can be considered for award of dealership directly without advertisement.

 

Security Deposit:

The selected will have to deposit an interest-free refundable security deposit of Rs.1,00,000 candidate issuing the appointment letter.

Get Appointment Letter:

After the verification of details, the corporation will issue a letter of Intent(LOI) to the selected dealership.

Categories of Applicant:

After receiving the application, the applicants will be classified into two groups as mentioned below based on the land offered by them

  • Group 1: Applicants are having a suitable piece of land in the advertised location or area either by way of ownership or long-term lease for minimum years (as advertised by IOCL).
  • Group 2: Applicants are having a firm offer for a suitable piece of land for purchase or long-term lease for minimum years (as advertised by IOCL).

 

Currently Running Petrol Pump Advertisement:

Click Below to check the new Petrol Pump Advertisement :

 

FAQ(Frequently Asked Question):

Q. Can SC/ST apply for IOCL Petrol Pump Dealership ?

Ans: Yes, SC/St category can apply for the Indian Oil Petrol Pump Dealership and can get advantages of Corpus Fund Scheme.

Q. What is the total Investment to open Indian Oil Petrol Pump Dealership(IOCL Retail outlet) ?

Ans: If you want to open the Indian Oil Petrol Pump Dealership, then your total investment will be approx 1.2-1.5 crore for the general category but if you belongs to SC/ST then your investment will be approx 80-90 lakh.

Q. What is dealers commission rate in Indian Oil Petrol Pump Dealership ?

Ans: India Oil Corporation Limited (IOCL) gives Rs 2.58 commission to dealers on every litre of petrol they sell, whereas the corporation pays Rs 1.65 as dealer commission on per litre of diesel. But you can earn more by increasing the sell.

Q. What facilities should be available on IOCL Petrol Pump Dealership ?

Ans: Below mentioned basic facilities will have to be provided by each IOCL Petrol pump dealership:

  • Driveway(Anyone can easily drive their vehicle inside petrol pump)
  • Salesroom (as per approved drawing)
  • The area should be surrounded with mount tree Boundary wall/Fencing (as per approved drawing
  • Electrification (inclusive of deposit)
  • Fire extinguishers (as per norms)
  • Tyre Air Facility
  • Toilet/Urinal
  • Water Facility

Q. If I have agricultural land, so can i open a petrol pump on that ?

Ans: Yes, you can but first of all you have to convert your agricultural land into commercial land. Then you can open petrol pump on that.

Q. What is the documents required for Defence Personnel & Freedom Fighters (FF) to open a IOCL petrol Pump dealership?

Ans: Defence Personnel category person need to produced a certificate from Directorate General of Resettlement (DGR), Ministry of Defence, Government of India. And persons applying for dealerships under Freedom Fighters (FF) category should attach a certificate or Tamrapatra or a Pension Order issued by the Ministry of Home Affairs, Govt of India.

Q. What is Corpus Fund Scheme and how can SC/ST get advantage of this scheme?

Ans: To know about the Corpus Fund Scheme watch this video. Click Here.

Q. What is the special offers for Handicap Person for the Indian Oil Petrol Pump Dealership ?

Ans: To know the special offers for Handicap Person for the Indian Oil Petrol Pump Dealership.Click Here.

Q. Can I open a petrol pump dealership in my desired location ?

Ans: No, you cannot open petrol pump dealership in your desired location, because time to time government publish an advertisement for the required locations in two newspapers, one in English and one in a regional vernacular newspaper having wide circulation in the area where the location falls in case of Regular ROs and case of Rural RO in one local/vernacular newspaper and one state-level newspaper. Persons meeting the eligibility criteria can apply for IOCL retail outlet only for the advertised location.

Q. When I can apply for the petrol pump dealership ?

Ans: Whenever advertisement of Oil Marketing Company will come then you can apply for petrol pump dealership. You can check the IOCL Petrol Pump Dealership Advertisement. Click Here.

Q. Can I open petrol pump dealership without any Advertisement ?

Ans: No, Beware from fraudster.

Q. How can we come to know about the petrol pump retail outlet dealership or land lease advertisement ?

Ans: A State-wise advertisement will be published in local newspapers both in English as well as the regional language of that region. If anyone finds this advertisement fascinating, then they can easily apply for an Indian Oil petrol pump dealership. Or you can visit directly the OMC(Oil Marketing Company) website or you can check on  petrolpumpdealerchayan.in

Q. How to add a place for the IOCL Petrol Pump Retail Outlet Dealership ?

Ans: For that you have to visit your district IOCL office, contact your area manager and send him all the details of your desired location with photo. They will consider your place for the next upcoming advertisement.

Q. Does corporation’s right to sell Petrol / Diesel / Motor Oils / Greases and other products directly or indirectly.

Ans: The Corporation reserves the right at all times during the continuance of this Agreement to make direct sales of Petrol / Diesel / Lubricants and other products to Central or State Governments, Government Departments, Government Companies, Railways, Military, Municipal authorities and other public bodies and authorities without any reference to the Dealer and on such direct sales, the Dealer shall not be entitled to any remuneration, commission or allowance of whatsoever nature.

 

We hope that you would have liked reading this blog post on Indian Oil Petrol Pump Dealership in India and how to set it up efficiently. For more such informative articles, keep visiting YMW Solution.

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