petroleum business plan in india

Petrol Pump Business plan

The petrol pump industry presents a lucrative opportunity within the energy sector. However, establishing a petrol pump business necessitates meticulous planning, substantial investment, and strict compliance with regulatory protocols.

In this all-inclusive guide, we will guide you through the intricacies of launching and operating a prosperous petrol pump enterprise, encompassing critical facets such as expenses, permits, financial backing, and more.

Why Invest in a Petrol Pump Business?

Investing in a petrol pump business is a strategic and potentially lucrative venture for those looking to enter the energy sector. The demand for fuel remains steadfast globally, making the petrol pump industry a resilient and profitable one.

1. Steady Demand for Fuel

One of the primary reasons to consider investing in a petrol pump business is the constant and robust demand for fuel. Vehicles, whether they run on gasoline (petrol) or diesel, continue to be the primary mode of transportation for millions worldwide. As a result, the need for petrol pumps remains evergreen, making it a recession-resistant industry.

2. Profitable Margins

Petrol pump businesses typically offer reasonable profit margins. While the margins may vary due to factors like location, competition, and pricing strategies, petrol pump owners can often maintain a steady income stream. The ability to set competitive fuel prices, coupled with additional revenue streams like convenience stores or car washes, further enhances profitability.

3. Versatile Business Model  

Investors in the petrol pump business can choose from various business models. You can either open an independent petrol pump or opt for a franchise arrangement with an established oil company like Indian Oil, Bharat Petroleum, or Hindustan Petroleum. Each model has its unique advantages, allowing you to tailor your investment to your preferences and resources. 

4. High Initial Investment

While the potential returns in the petrol pump business are substantial, it’s essential to acknowledge the high initial investment required. Opening a petrol pump involves expenses such as land acquisition or lease, construction, machinery, working capital, and regulatory compliance. This is where business financing comes into play.

5. Financing Options

To cover the substantial costs associated with opening a petrol pump, entrepreneurs have access to several financing options: 

Business Loans: Banks and financial institutions offer business loan tailored to the needs of petrol pump owners. These loans can help cover expenses like land acquisition, construction, and equipment purchases. 

Working Capital Loans: Operating a petrol pump requires working capital to manage day-to-day expenses such as fuel purchases, staff salaries, and maintenance. Working capital loans provide the necessary funds to keep your business running smoothly.

Business Loans Without Collateral: Traditional business loans often require collateral. However, many financial institutions now offer collateral-free business loans , which can be beneficial for those who may not have significant assets to pledge.

Line of Credit: A line of credit offers flexibility by allowing you to borrow funds as needed, up to a predetermined limit. It’s a valuable resource for managing fluctuations in working capital and unexpected expenses. 

6. Interest Rates for Business Loans

When considering financing for your petrol pump investment, it’s essential to assess the interest rates associated with business loans. Interest rates can significantly impact the overall cost of borrowing and your ability to generate a profit. The interest rate for a business loan may vary depending on the lender, your creditworthiness, and the prevailing market conditions.

7. Assessing Eligibility for Business Loan

Before applying for a business loan, it’s crucial to understand the eligibility criteria set by the lender. Lenders typically consider factors such as your credit score, business plan, financial stability, and collateral (if required). Meeting these criteria can enhance your chances of securing a loan with favourable terms.

8. Machinery Loan

A machinery loan is designed to help you finance the purchase of essential equipment for your petrol pump. This type of loan can cover the costs associated with fuel dispensers, storage tanks, and other machinery required for your business’s operation. By securing a machinery loan , you can reduce the initial financial burden and manage your cash flow more efficiently.

9. Quick Business Loans

Applying for business loans online can be a convenient and swift process. Online business loan applications allow you to submit your documents and receive approvals faster, ensuring that you can kickstart your petrol pump business sooner. 

Now that we understand the basics, let’s delve into the specifics of starting and running a petrol pump business.

Market Research and Location Selection

Identifying a suitable location.

The location of your petrol pump is a critical factor in determining its success. Consider the following when selecting a location:

High Traffic Area : Choose a spot with significant vehicle traffic, preferably on a busy road or near highways.

Accessibility : Ensure easy access for vehicles entering and exiting the station.

Proximity to Residential Areas : Being close to residential areas can attract regular customers.

Competitor Analysis : Research nearby petrol pumps and their pricing strategies.

Analyzing Competitors: Study the competition in your chosen area to understand their strengths and weaknesses. This analysis can help you differentiate your petrol pump and develop a competitive advantage.

Demographics and Customer Base

Consider the demographics of the area, including income levels, vehicle ownership rates, and commuting patterns. Understanding your potential customer base will help you tailor your offerings and marketing strategies accordingly.

Legal Requirements and Licensing

Obtaining the necessary licenses.

Running a petrol pump business requires several licenses and permits, including:

Petroleum Storage License: Obtained from the Petroleum and Explosives Safety Organization (PESO).

Trade License: Issued by the local municipal authority.

Environmental Clearances: Ensure compliance with environmental regulations and obtain necessary clearances.

Fire Safety Certificate: Comply with fire safety standards and obtain a certificate.

Consult with legal experts or regulatory authorities to have an estimate for petrol pump license cost and to ensure you have all the required permits in place before opening your petrol pump business.

Cost Analysis

Petrol pump opening cost.

The cost of opening a petrol pump can vary significantly based on location, infrastructure, and other factors. Generally, you will need to budget for the following:

Land Acquisition or Lease: The cost of acquiring land or leasing it for your petrol pump station.

Construction and Infrastructure: Building the station, including fuel storage tanks, dispensers, and convenience store (if applicable).

Machinery and Equipment: Purchase of fuel dispensing equipment, pumps, tanks, and safety measures. You can easily apply and avail of a machinery loan from FlexiLoans.

Working Capital: Funds required for day-to-day operations, including fuel purchases.

Reserve Fund: A contingency fund for unexpected expenses or emergencies.

Financing Your Petrol Pump Business

Business loans and financing options.

Financing your petrol pump business can be achieved through various means:

Business Loans : Banks and financial institutions offer business loans tailored to the needs of petrol pump owners. FlexiLoans offers business loans online.

Government Schemes: Explore government schemes and subsidies that support entrepreneurs in the fuel retail sector. FlexiLoans offers business loans for women at attractive interest rates.

Loan Application Process: Understand the application process, eligibility criteria, and documentation required for business loans. Check the estimated business loan interest amount with the business loan EMI calculator .

Business Plan and Structure

Creating a comprehensive business plan.

A well-structured business plan is essential for securing financing and guiding your business. Key components of your business plan include:

Executive Summary : A concise overview of your business and its goals.

Market Analysis : Detailed research on the fuel market and your competitors.

Financial Projections : Projections of income, expenses, and profitability.

Marketing Strategy : Plans for branding, advertising, and customer acquisition.

Operational Details : Information on staffing, inventory management, and daily operations.

Fuel Supply and Dealership

Securing a fuel supply.

Establish a reliable source of fuel supply, often through tie-ups with oil companies like Indian Oil, Bharat Petroleum, or Hindustan Petroleum. This ensures a steady and quality fuel supply for your station.

Petrol Pump Dealership Cost

The cost of securing a dealership from an oil company varies and can include security deposits and infrastructure requirements. Carefully review the terms and conditions before agreeing.

Franchise vs. Independent Operation

You can choose to operate as an independent petrol pump or opt for a petrol pump franchise arrangement with an oil company. Each option has its benefits and drawbacks, so consider your business goals and resources when making this decision.

Infrastructure and Machinery

Building a modern petrol pump station.

Invest in modern and aesthetically pleasing infrastructure to attract customers. The layout should be well-organized for smooth vehicle flow and customer convenience.

Machinery and Equipment Required

Essential equipment for a petrol pump includes fuel dispensers, underground storage tanks, safety measures, and electronic systems for billing and inventory management. FlexiLoan offers a machinery loan at reasonable interest rates.

Maintenance and Safety Measures

Regular maintenance of equipment and safety protocols is crucial to ensure smooth operations and minimize risks associated with fuel handling.

Marketing and Promotion

Branding and signage.

Create an appealing brand identity with eye-catching signage. Your branding should reflect trustworthiness and safety, as customers prioritize these factors when choosing a petrol pump.

Advertising Strategies

Utilize various marketing channels such as social media, local advertising, and loyalty programs to attract and retain customers. Highlight any unique offerings, such as a car wash or convenience store.

Operational Considerations

Staffing and training.

Hire and train staff who are knowledgeable about fuel dispensing, safety procedures, and customer service. Friendly and efficient service can build customer loyalty.

Inventory Management

Implement robust inventory management systems to monitor fuel levels and restock efficiently. Prevent fuel shortages to maintain customer satisfaction. You can always avail working capital loan from FlexiLoans.

Accounting and Record-keeping

Maintain accurate financial records, including sales, expenses, and taxes. Consider using accounting software to streamline your financial processes.

Financial Projections

Estimating income and expenses.

Develop realistic financial projections that take into account your income from fuel sales, convenience store (if applicable), and other revenue streams, as well as operating expenses such as staff salaries, maintenance, and utilities.

Projected Profit Margin

Calculate your projected profit margin based on your business plan and financial projections. This will help you set pricing strategies and assess the profitability of your petrol pump.

Break-Even Analysis

Determine the point at which your petrol pump business will break even, covering all initial investments. This is a crucial milestone in your financial planning.

Risk Management and Insurance

Identifying potential risks.

Assess potential risks in the petrol pump business, including fire hazards, fuel theft, environmental liabilities, and accidents.

Choosing the Right Insurance Policies

Consult with insurance experts to select appropriate insurance coverage, including general liability, property insurance, and environmental pollution coverage.

Environmental Responsibility

Sustainable practices.

Implement environmentally responsible practices such as proper waste disposal, fuel spill prevention, and energy-efficient equipment.

Pollution Control Measures

Adhere to pollution control regulations and regularly inspect your petrol pump for compliance. Report any leaks or spills promptly.

To establish a petrol pump business, you need to consider several factors, including the associated opening costs and crafting a robust business plan. MSME loan without collateral and small business loan can provide financial support for entrepreneurs.

Q1. How do I obtain a license for a petrol station?

Ans: State authorities may obtain a license to own and operate a petrol station depending on the location of the station, with permission from the state’s municipal corporation department, NOCs, and a copy of the location’s certificate.

Q2. What is the bare minimum needed to launch a petrol pump business?

Ans: According to the location of the retail outlet, a petrol pump startup requires a minimum investment of Rs. 15 lakh and a maximum investment that may exceed Rs. 35 lakh.

Q3. What is the commission for petrol station dealers?

Ans: The commission for petrol station dealerships varies depending on the agency and the location. However, the general commission varies from Rs. 2 to Rs. 5 per liter, and tax, commission, and duty account for nearly half of the cost of petrol per liter.

Brighten Up Your Diwali 2023 With The Help Of FlexiLoans Instant Business Loan

How to Check Loan Account Number Online (LAN)

Recent Posts

Integrating Working Capital Loans and Supply Chain Finance for Business Success in India

Common Challenges In Getting A Loan For A Medical Shop

How To Start/Open A Hotel Business In India

Know How Doctors Can Secure MSME Loans Successfully

Dena Shakti Scheme – Empowering Women In Business

Business loan.

• Business Loan
• Instant Business Loan
• Business loan Interest Rate
• Business Loan EMI Calculator
• Business Loan Eligibility Criteria
• GST Calculator

Business Loan Type

• Small Business Loan
• Business Loan for Women
• Loan against POS
• Line of Credit
• Vendor Financing
• GST Business Loan
• Wholesale Business Loan
• Short Term Business Loan
• Self Employed Business loan
• Unsecured Business Loan
• Collateral Free Business Loan
• Corporate Loans
• Instant Loan on Aadhar Card
• Working Capital Loan

Business Loan by Industry

• e-Commerce Business Loan
• Retail Business Loan
• Sole Proprietor Business loan
• Mudra Loan Interest Rate
• Myntra Seller Business Loan
• Amazon Seller Business Loan
• Flipkart Seller Business Loan
• Paytm Seller Business Loan
• Business Loan for Traders
• Business Loan for Shopkeepers
• Import Finance Business Loan
• Service Sector Business Loan
• Finance for Automobile Business
• Beauty and Personal Care Business Loan
• Footwear Business-Loan
• Fashion Industry Business Loan
• Loan for Accessories Business

Business Loan by City

• Business Loan in Bihar
• Business Loan in Mumbai
• Business Loan in Kolkata
• Business loan in Delhi NCR
• Business Loan in Pune
• Business Loan in Hyderabad
• Business Loan in Chennai
• Business Loan in Bangalore
• Business Loan in Ahmedabad
• Business Loan in Coimbatore
• Business Loan in Jaipur
• Business Loan in Surat

Business Ideas

• Best Business Ideas in Tamil Nadu
• Business Ideas to Start in Gujarat
• Business Ideas in Jaipur
• Top Business Ideas in Bangalore
• Business Ideas in Pune
• Business Ideas In Bihar
• Small Business Ideas in Punjab
• Business Ideas in Goa
• Business Ideas in Kolkata
• Small Business Ideas for Rural Areas in India
• Wholesale Business Ideas To Start In India
• 10 Part-Time Business Ideas
• 31 Small Business Ideas with Low Investment and High Profit
• Business Ideas for Women

Trending Articles

• Advantages and Disadvantages of Goods and Services Tax in India
• Difference Between Flat Interest rate vs. Reducing Interest rate
• Importance of Working Capital Management
• How to Start a Pharmacy Business in India?
• MSME Registration Process
• Business License in India
• How to Check Your Small Business Loan Status
• MSME Registration Benefits in India
• A List Of Businesses That Come Under MSME
• PMEGP Scheme List
• How to Change Name and Address on PAN Card
• Udyam Aadhar Registration Online
• Schemes and FAQs Related to Jan Samarth Portal
• Documents Required For Pan Card
• GST Late Fee Interest Calculator
• How to Write a Cancelled Cheque?
• Poultry Farm Business Plan

Chat With Us

Schedule A Call Back

Our Experts are ready to assist you, Let's Connect with Us By submit your enquiry.

Welcome to Corpseed. Please type your query, and we shall provide immediate assistance.

Didn't receive code? Resend OTP

Your Enquiry has been received !!

Our legal advisor will contact you shortly.., how to start an oil and petrochemical manufacturing business in india.

• Introduction: Oil And Petrochemical Manufacturing

Thinking of doing an oil and petrochemical manufacturing business in India but don’t know where to start? Well, you’re not alone in the race. As India is the third-largest consumer of oil in the world, aside from the fact that oil also comes under its economy’s eight core sectors, having a petrochemical manufacturing business seems a very lucrative idea. And, with the rising demand for oil & petrochemical products day by day, anyone can say that it holds a very promising future as a business venture. But as profitable as it seems, we can’t deny that starting it in India demands a lot of careful planning and research on your part, just like any other business. 

Table of Contents

Significance of Oil and Petrochemical Manufacturing Business In India

Key steps to start an oil and petrochemical manufacturing business in india.

--------------Blog Contact Form-------------

Reading this article will help you understand the significance of the oil and petrochemical business in India and the strategies that you can surely consider to establish one. 

Read Our Blog: How To Start Petroleum Oil Refinery In India

• Ensure an Adequate Supply of Energy

Just imagine what would happen if India failed to ensure enough energy supply for its people and industries. Well, the damage would be unthinkable. Fortunately, such situations have never become a reality for us and the credit for that goes to the oil and petrochemical industries, which fulfill a major portion of the country’s energy requirements. 

• Provide Employment

Irrespective of whether you’re a skilled worker or an unskilled one, you’ll always find job opportunities in the petrochemical industry. Even today when the economic situation around the world is in chaos due to covid and recession, we find millions of people working in this industry, making it a major source of direct and indirect employment.

• Crucial For Overall Industry Growth

There are an end number of businesses that are highly dependent on the oil and petrochemical manufacturing industry for their day-to-day operations as it provides them with their raw materials, including chemicals, plastics, fertilizers, etc.

• Generate Massive Revenue For the Government

When it comes to the revenue of the Indian government, the oil and petrochemical industry works as a “never-ending treasure” because of the taxes it pays, which include excise duty, GST, customs duty, and many more.

• Build Infrastructure

No one can deny the part oil and petrochemical manufacturing businesses play in the development of infrastructure in India. From building storage facilities, pipelines to the transportation infrastructure, the industry heavily invests in the growth of the country’s economy.

• Do A Comprehensive Research on The Market

Not only the oil and petrochemical business, but any other business category requires proper research on the market, such as what the present situation is or what the possibilities are for the near future. Therefore, the first task you need to take care of is to analyze the demand for your products out there in the market and the competition you may face. Here, you can gather information regarding recent market trends, find the potential customer base, and accordingly devise a “tough to track” pricing strategy for your products. 

• Pick a Business Niche Out of the Oil and Petrochemical Industry

It wouldn’t be wrong to say that dealing in all the oil and petroleum products is not only risky but also quite next to impossible as their list is quite long. Therefore, you have to select a particular business niche that matches your expertise and resources. For instance, a Greenfield project is something where you can begin everything from scratch or can easily acquire an already existing facility to save both effort & time. Here, the option to get into a partnership with a business that’s doing the same thing & planning to scale its reach would also be quite viable. 

• Look for the Ways To Get Funding For Your Business

Starting an oil and petrochemical manufacturing requires massive investment on your part, therefore, you better find funds to run its everyday operations effectively. If your business strategy is solid, any investor would be happy to back your business and fund it or you can also go to banks & financial institutions to get loans. Fortunately, the Indian government also provides a number of subsidies and grants to people who’re in the initial phase of their business and require financial support. 

• Apply for the Required License and Permits

At the same time, don’t forget to go over the regulatory compliance requirements that you must follow while doing an oil and petrochemical business in India. You’d be required to apply for many licenses and permits. The best you can do at first is to get your business registered with the Registrar of Companies and obtain a TAN (Tax Account Number) and PAN (Permanent Account Number). The government also requires you to get other regulatory approvals as well, including environmental clearances.

• Build Infrastructure and Gather Workforce

Now that you get the required funding and business licenses & permits, the next turn is the working infrastructure that you have to develop for your business. These can be in the form of manufacturing setup, state-of-the-art equipment & machinery, or storage facilities.  You also need to gather a team of both skilled & unskilled workers and train them so that they can effectively do their work and give high productivity  using the machinery.  

• Develop a Marketing Strategy

It doesn’t matter what you make if you fail to sell it and that’s why developing a marketing plan, especially when the industry is oil & petrochemical, is quite crucial as the competition level you find there may be cutthroat. Analyzing the recent market trends can be a good start here. You can identify the customer base to target and then make them aware of your products through strong promotions & advertisements. To extend your reach and customer base, you can also think about strategies for building a strong distribution network. 

With this article, we have tried our best to include all the necessary points that you can consider while starting an oil and petrochemical manufacturing business in the country of India. In case you still have any queries or need more information regarding the oil and petrochemical industry, the best option is to refer to the website of Corpseed and get it sorted.

This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not corpseed, and have not been evaluated by corpseed for accuracy, completeness, or changes in the law.

BOOK A FREE CONSULTATION

Get help from an experienced legal adviser. Schedule your consultation at a time that works for you and it's absolutely FREE.

Shamshad Alam

Latest articles.

Thank you for your vote! Would you have any suggestions for improvements?

Thanks so much for sharing your experience with us , we hope to see you again soon. .

Select Country Afghanistan Aland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua And Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas The Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo The Democratic Republic Of The Cook Islands Costa Rica Cote D'Ivoire (Ivory Coast) Croatia (Hrvatska) Cuba Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands Faroe Islands Fiji Islands Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia The Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey and Alderney Guinea Guinea-Bissau Guyana Haiti Heard and McDonald Islands Honduras Hong Kong S.A.R. Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea North Korea South Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau S.A.R. Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Isle of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Antilles Netherlands The New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palau Palestinian Territory Occupied Panama Papua new Guinea Paraguay Peru Philippines Pitcairn Island Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Kitts And Nevis Saint Lucia Saint Pierre and Miquelon Saint Vincent And The Grenadines Saint-Barthelemy Saint-Martin (French part) Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia South Sudan Spain Sri Lanka Sudan Suriname Svalbard And Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Togo Tokelau Tonga Trinidad And Tobago Tunisia Turkey Turkmenistan Turks And Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Vatican City State (Holy See) Venezuela Vietnam Virgin Islands (British) Virgin Islands (US) Wallis And Futuna Islands Western Sahara Yemen Zambia Zimbabwe

Product related enquiry Job enquiry Suggestion/Feedback Others

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

The petrol pump business in India holds significant potential for entrepreneurs looking to venture into the fuel retail sector. With the country’s ever-increasing energy demands and thriving transportation industry, setting up a petrol pump can be a lucrative and rewarding venture. 

However, starting a petrol pump business requires careful planning, adherence to regulations, and a well-executed business plan. In this blog post, we will provide you with a step-by-step guide on how to open a petrol pump in India, covering various aspects such as eligibility criteria, land requirements, investment, and more.

Before diving into the process of opening a petrol pump, it is essential to understand the importance of choosing reliable fuel dispenser manufacturers in India . A fuel dispenser is a critical component of a petrol pump, responsible for accurately dispensing fuel to customers. 

Tatsuno, a renowned fuel dispenser manufacturer in India, offers top-quality fuel dispensing systems designed for efficient and accurate fuel delivery. By selecting reputable manufacturers like Tatsuno, you can ensure the reliability and longevity of your fuel dispensing infrastructure, providing a seamless experience for your customers.

What is the Eligibility Criteria for Opening a Petrol Pump?

To open a petrol pump in India, you must meet certain eligibility criteria set by the government. These criteria typically include:

• Indian citizenship or a registered Indian company.
• Minimum educational qualification of at least 10th standard pass.
• Adequate financial resources to meet investment requirements.
• No prior criminal record.
• The minimum age requirement for the applicant is 21 years, while the maximum age allowed is 55 years.

It is crucial to review and fulfil these eligibility criteria to proceed with your petrol pump business plan.

What are the Land Requirements for Opening a Petrol Pump?

The next crucial aspect is acquiring suitable land for your petrol pump. The land requirements vary based on the type of petrol pump you plan to establish, whether it is a petrol pump in the urban area, a rural retail outlet (RRO), or on the national highway. 

In rural areas, the land requirement for opening a petrol pump is 800 square meters for a single dispensing unit and 1200 square meters for two dispensing units.

In urban areas, the land requirement for opening a petrol pump is 500 square meters for a single dispensing unit and 800 square meters for two dispensing units.

On national highways, the land requirement for opening a petrol pump is 1200 square meters for a single dispensing unit and 2000 square meters for two dispensing units.

Ensure that the land you choose is located strategically, accessible to vehicles, and complies with the regulations of the oil marketing company you wish to associate with. 

Additionally, you must have proper documentation, including land ownership or lease agreements, to proceed with the application process.

How Much Investment is Needed?

Opening a petrol pump in India involves a significant investment. The estimated investment can vary based on factors such as location, land prices, infrastructure development costs, and storage capacity. Generally, the investment required can range from several crores to tens of crores of rupees.

The investment covers various aspects, including land acquisition or lease costs, construction and infrastructure development, fuel dispenser installation, storage tanks, electrical works, safety equipment, licensing fees, working capital, and more. 

Conduct a comprehensive financial analysis and create a well-structured business plan to determine the investment required and secure the necessary funding.

What is the Application Process?

Once you have fulfilled the eligibility criteria, acquired suitable land, and arranged the necessary investment, you can proceed with the application process for opening a petrol pump. The process involves the following steps:

• Select an oil marketing company (OMC) to partner with. Consider factors such as brand reputation, network, support, and commission structure.
• Submit the application form along with the required documents, including proof of eligibility, land ownership/lease documents, and financial statements.
• Pay the application fee in accordance with the OMC’s guidelines.
• Await the scrutiny and verification process conducted by the OMC.
• If selected, complete any additional documentation and fulfil the prescribed terms and conditions.
• Obtain the necessary licenses and permissions from local authorities, including the fire department, pollution control board, and district administration.
• Install the fuel dispensing system, storage tanks, safety equipment, and other necessary infrastructure.
• Conduct a final inspection by the concerned authorities, and upon approval, you can commence operations as a petrol pump owner.

Start Your Petrol Pump Business Today

Opening a petrol pump in India presents a lucrative business opportunity for aspiring entrepreneurs. By adhering to the eligibility criteria, fulfilling land requirements, making the necessary investment, and following the application process diligently, you can establish a successful petrol pump business. 

Remember to choose reliable fuel dispenser manufacturers in India like Tatsuno to ensure the efficiency and accuracy of your fuel dispensing systems. Conduct thorough research, create a robust business plan, and seek professional guidance to navigate the complexities of the process. 

With determination, meticulous planning, and the right approach, you can embark on a rewarding journey as a petrol pump owner in India.

• fdi policy ,
• taxation in india ,
• major investors

Oil & Gas

India’s journey to be energy self-sufficient by 2047 has begun well..

Sector Expert Pradeep Eapen Mathew

• ALL SECTORS
• OIL & GAS

Industry Scenario

Investible projects, major investors, data on map.

• Gallery/Latest News

Latest In Oil & Gas

• FAQs/Market Research

Invest India closely works with

Quick links, world’s fastest-growing energy market, india is the 3rd largest energy and oil consumer in the world.

India is the 4 th largest importer of liquefied natural gas (LNG).

India consumed 212.2 MMT petroleum products and 60.6 BCM natural gas in Apr-Feb 2024, making a growth of 5.2% and 11.1% over the Apr-Feb 2023. 

• Bharat Petroleum estimates that India's energy demand will double, while natural gas demand is expected to grow five-fold by 2050.
• As on Apr 2022, estimated reserves of crude oil in India stood at 651.77 Mn tonnes, and natural gas stood at 1138.67 Bn cubic meters.
• India has set a target to raise the share of natural gas in the energy mix to 15% by 2030 from about 6.7% now.
• A total of 88% of the nation’s geographical area covering 98% of the population has been authorized for the development of City Gas Distribution network.
• India increased the ethanol blending in petrol from 1.53% in 2013-14 to 10.17% in 2022 and advanced its target of 20% ethanol blending in petrol from 2030 to 2025-26. Further, Ethanol blending with Petrol was 12.9% during Feb 2024 and cumulative ethanol blending during Nov-Feb 2024 was s 11.6%.
• Target of setting up 12 Commercial Scale 2G Bio-Ethanol Projects with Viability Gap Funding of up to INR 150 Cr per project under the Pradhan Mantri Ji-VAN Yojana.
• Target of setting up 5000 Compressed Biogas (CBG) units under the Sustainable Alternative Towards Affordable Transportation (SATAT) Scheme. In this regard, as of 01.03.2023, 4215 LOIs have been issued. Under waste-to-energy program, GoI provides financial assistance to bio-gas plants.

For further details, please refer FDI Policy

Decreasing Kerosene consumption CAGR (2012-13 to 2021-22)

Electricity Consumption Growth (Apr-Feb 2023)

Availability of Petroleum products CAGR (2012-13 to 2021-22)

Largest exporter of petroleum products in Asia since 2009 (FY 20-21)

Fourth largest global refiner

Third largest energy consumer in the world 

• FOREIGN INVESTMENT
• INDUSTRY TRENDS
• POLICIES & SCHEMES

Exploration & Production:

• There are 26 sedimentary basins, covering a total area of 3.4 Mn sq. km. The area is spread across the land, shallow water up to 400-meter water depth, and Deepwater further up to Exclusive Economic Zone (EEZ). 
• Cumulative crude oil production during Apr-Feb 2024 was 26.9 MMT. Natural Gas production for Apr-Jan 2024  was 33.29 BCM.
• During 1st Apr-31st Jul 2022,  8 Blocks were carved out under OALP IX
• It is intended to increase the nation's exploration acreage by 0.5 Mn sq km till 2025 and by 1.0 Mn sq km till 2030. 
• India‘s refining capacity stands at 253.92 MMTPA as of Jul 2023, comprising 23 refineries. Refinery capacity utilization is about 96% for the year 2021-22. Indian Oil Corporation (IOC) is the largest domestic refiner with a capacity of 70.1 MMTPA.
• Crude oil processing increased by 2.5% from 232.2 MMT in Apr-Feb 2023 to 238.2 MMT in Apr-Feb 2024.
• Petroleum product production saw an increase of  3.8 % in Apr-Feb 2024 vis-à-vis FY Apr-Feb 2023. The production of petroleum products stood at 251.2 MMT in Apr-Feb 2024.
• India aims to increase its refining capacity to 450 MMTPA by 2030. 

Natural Gas Infrastructure:

• A total of 23,391 km of the natural gas pipeline is operational and about 4,125 km of the gas pipeline is under construction as of Feb 2024. 
• Target to increase the pipeline coverage by ~54% to 34,500 km by 2024-25 and to connect all the states with the trunk natural gas pipeline network by 2027.
• As on 31.01.2024, 12.36 Mn domestic PNG connections and 6,348 CNG stations have been established.   
• As per Minimum Work Programme, the authorized CGD entities authorized have to provide 123.3 Mn PNG connections and establish 17,700 CNG stations by 2030.
• Liquefied Natural Gas (LNG) supply is forging ahead on both coasts with 06 operational LNG terminals. The total capacity of LNG terminals stands at 47.7 MMTPA.

Import & Export:

• India imported 212.6 MMT of crude oil for $120.8 Bn during Apr-Feb 2024 as compared to an import of 211.8 MMT for $146.6 Bn during Apr-Feb 2023. Import dependency in case of crude oil during Apr-Feb 2024 was 87.7% as compared to 87.2% during the corresponding period of last year.
• Export of petroleum products were $43.3 Bn in the Apr-Feb 2024. 

Petroleum Products Consumption:

• The LPG consumption increased by 3.6% from 26 MMT during Apr-Feb 2023 to 27 MMT during Apr-Jan 2024. As on 01.03.2024, there are 323 Mn active LPG domestic connections by PSUs.
• The Motor Spirit consumption increased from 31.9 MMT during Apr-Feb 2023 to reach to 33.9 MMT in Apr-Feb 2024. 
• The HSD consumption increased from 78.1 MMT during Apr-Feb 2023 to 81.6 MMT during Apr-Feb 2024.

Union Budget 2023 Highlights

• INR 35,000 Cr for priority capital investments towards energy transition and net zero objectives, and energy security
• INR 10,000 Cr for compressed bio-gas plants and 300 community and cluster-based biogas plants. 

GROWTH DRIVERS

India's energy demand.

Expected to grow at about 3% per annum by 2040, compared to the global rate of 1%. Further, 25% of the global energy growth between 2020 and 2040 is envisaged to come from India due to the fast-growing economy and demographic dividend

Unified tariff for natural gas pipelines and review of domestic gas pricing

Unified tariff aims to benefit the consumers located in the areas where currently the additive tariff is applicable, facilitating the development of gas markets. Domestic Natural Gas Price shall be 10% of the Indian Crude Basket Price. Further, for the gas produced from nomination fields, the price shall be subject to a floor ($4/MMBTU) and a ceiling ($6.5/MMBTU)

Reduction in the ‘No Go'

Area by 99%, thereby making available an additional approx. 1 Mn Sq.km. of India's EEZ for exploration

Favorable policies

National Data Repository (NDR), Discovered Small Field Policy (DSF), Marketing and Pricing freedom for natural gas, National Seismic Programme (NSP) of unappraised areas Planned 2D Seismic Survey for 48K LKM

Government incentives

Early production royalty concession of 10%, 20% and 30% for Category I, II and III basins respectively

Setting up LNG stations

Any entity can set up LNG stations in any Geographical Area in India even if they do not have a City Gas Distribution license

MoEFCC's gazette notification dated 16.01.2020

Stipulates that seismic survey do not require prior Environmental clearance, provided the concession areas has got previous clearance for physical survey. Further, all project in respect of offshore and onshore oil and gas exploration are categorized as ‘B2’ projects” i.e., will not require an Environment Impact Assessment report

Industrial Land Bank Portal

Gis - based map displaying available infrastructure for setting up business operations in the state., investment opportunities in oil & gas.

Latest News

Indian Gas Exchange expects a 35% jump in gas trading in FY25

India's top gas marketer, GAIL plans to expand its liquefied natural …

Indian multinational, Welspun Corp, bags orders worth INR 872 Cr from…

Savsol Lubricants, a leading player in automotive and industrial lubr…

Bharat Petroleum to lay 35-km ATF pipeline from Piyala to Noida Inter…

Cabinet approves signing of Memorandum of Understanding (MoU) between India and Bhutan on General Supply of…

CSIR-Indian Institute of Petroleum signs MoU with UCOST to deploy the Pine Needles-based fuel-making…

Historic Milestone in Jharkhand: Foundation stone laid for HPCL’s Gas Network

Oil and Gas Sector

Natural Gas Production, Availability and Consumption February 2023

Ethanol Booklet 2023

Indian PNG Statistics (2021-22)

Year-End- Review of Ministry of Petroleum & Natural Gas

Oil & Gas Sector

Roadmap for Ethanol Blending in India: 2020-2025

Summit on Global Chemicals & Petrochemicals Manufacturing Hubs in India, Mumbai, 11-12 Nov

Press Release

Cabinet approves signing of Memorandum of…

Memorandum of Understanding

CSIR-Indian Institute of Petroleum signs MoU…

Historic Milestone in Jharkhand: Foundation…

Natural Gas Production, Availability and…

Year-End- Review of Ministry of Petroleum &…

Roadmap for Ethanol Blending in India: 2020…

Summit on Global Chemicals & Petrochemicals…

Frequently Asked Questions

Export Parity Price is the price which oil companies would realize on export of petroleum products. This includes Freight on Board (FOB) Price and advance license benefit (for duty free import of crude oil pursuant to export of refined products.

For more information, click here .

Was it helpful?

Import Parity Price (IPP) is the price that importers would pay in case of actual import of product at the respective Indian ports. This includes FOB price, Ocean freight, Customs duty, Port dues etc.

For more information, click here

The National Policy on Biofuels categorises Biofuels as:

“Basic Biofuels” viz. First Generation (1G) bioethanol & biodiesel and “Advanced Biofuels” – Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels, Third Generation (3G) biofuels, bio CNG etc.

Various petrol types are as follows: MS 93/95, Bharat Stage (BS) IV, Bharat Stage (BS) VI, branded petrol (with additives) etc.

Various types of diesels are as follows: Light Diesel Oil (LDO), BS IV, BS VI, Bio Diesel, Branded Diesel (with additives) etc.

To know more about the Oil & Gas sector opportunity in India, please visit the Oil & Gas page at Invest India website.

For further details on Indian Petroleum and Natural Gas Statistics, please refer this link: http://petroleum.nic.in/sites/default/files/APR_E_1718.pdf

For more information, click here .

As per the GST law, if the location of the supplier and place of supply is in different states then IGST would be applicable.

Market Research

The green shift: the low carbon transition of india's oil and gas…, ministry of petroleum and natural gas | annual report 2021-22, india's oil and gas ready reckoner, world energy outlook 2022, union budget 2023-24: analysis report, government ministry/ department.

• Centre For High Technology
• Directorate General of Hydrocarbons
• Ministry of Petroleum & Natural Gas
• Oil Industry Development Board
• Oil Industry Safety Directorate
• Petroleum & Natural Gas Regulatory Board
• Indian Strategic Petroleum Reserves Ltd. (ISPRL)

Industry Associations

• Petroleum Conservation Research Association
• Petroleum Planning & Analysis Cell
• Federation of Indian Petroleum Industry (FIPI)
• Doing Business in India
• Team India News

New India Timeline @2047

04 October , 10:57 AM

IOC plans to increase the storage intake to 54,000 Kilolitres from the existing ... Visit Page

23 August , 11:50 AM

Assam-based Numaligarh Refinery Limited (NRL) plans to invest more than INR 35 ... Visit Page

18 August , 12:04 PM

India's state-owned Oil and Natural Gas Corporation (ONGC) is to spend INR 1 Tn ... Visit Page

19 June , 04:59 PM

31 May , 09:22 AM

Bharat Petroleum Corp (BPCL) aims to help build about 1 MW electrolyzer ... Visit Page

30 May , 08:47 AM

India's top oil and gas producer ONGC will invest INR 1 lakh crore by 2030 on ... Visit Page

26 May , 08:45 AM

Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India's leading ... Visit Page

23 May , 08:53 AM

India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil ... Visit Page

23 May , 08:52 AM

ONGC Videsh, the overseas arm of Oil and Natural Gas Corporation, has received ... Visit Page

22 May , 02:39 PM

22 May , 02:22 PM

22 May , 01:40 PM

22 May , 08:57 AM

Gail India plans to borrow up to INR 7,000 cr in FY24 to fund the INR 10,000 cr ... Visit Page

22 May , 08:51 AM

India offers investment opportunity of $ 30 bn in the petrochemical sector ... Visit Page

18 May , 09:36 AM

BPCL board has approved the ethylene cracker project at Bina Refinery including ... Visit Page

Disclaimer : All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity

• Buying Guide

How To Start A Petrol Pump Business In India

•   Next What Business Research Team

• December 24, 2022

Do you want to start a fuel station or petrol pump business in India? Are you looking for a dealership opportunity for Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), Indian Oil (IOCL), Essar Oil, or any other oil company? The object of crafting this article is to provide a detailed guide about how to start a petrol pump business in India.

The petrol pump is a traditional business in India . And the business is also a lucrative venture for small business entrepreneurs. Additionally, the business offers sustained cash at little risk along with some prestige.

However, nowadays the business model has changed to a certain extent. And a fuel station offers other value-added services to the consumers. However, the business entirely depends on the local demographics.

Is Petrol Pump a Profitable Business in India?

The profit margin is low for petrol pump dealers in India. However, as the volume of sales is high, dealers make good money out of the petrol pump business.

On average, dealers get a commission of Rs. 3 per liter of petrol and Rs. 2 per liter of diesel. With good location and proper planning, a petrol pump dealer can make more than Rs. 5 Lakhs per month easily

Petrol Pump Business Plan Guide for Beginners

We must say, starting a petrol pump is not at all an easy task. It requires a prominent location with sufficient space for operation. Additionally, there are several conditions that you must comply with. Let’s Check out:

1. Eligibility Criteria to Start a Petrol Pump in India

a) Land requirement: First of all, you must have a sufficient area of land in a prominent location. Generally, all the petrochemical companies publish advertisements in the leading newspapers as well as on their website. So you must ensure a suitable piece of land in the area mentioned in the advertisement. You may either own it or have it on the long-term lease for a minimum time period as mentioned in the notification.

Generally, the land area required to start a petrol pump in India is in the range of  800 square meters to 1200 square meters .

Related Read:   Best Small Scale Energy Business Ideas

b) Proof of Citizenship: You must be an Indian citizen and a resident of India as per the Income Tax rule. To be considered as an Indian resident, an individual should have stayed in India for 182 days or more in the last financial year.

c) Proof of Age: You must have an age between 21-60 years. However, a Freedom Fighter under the CC2 category can apply for a license beyond this age limit.

d) Educational Qualification: You must have an educational qualification for rural ROs in the 10+2 examination conducted by a Board/University and Graduation/ Chartered Accountant/ Company Secretary/ Cost Accountant/ Diploma in Engineering for regular ROs.

2. Cost of Starting a Petrol Pump in India

You must have a substantial investment capacity for this business. On an around, you will need to prepare with cash of Rs. 50-60 Lakh to start a petrol pump in India. You will need to show the ability of a minimum working capital of Rs 25 Lakh in the case of a normal pump and Rs 12 Lakh in the case of rural petrol pumps.

The fixed fee requirement for a regular petrol pump is Rs. 15 lakhs whereas for rural petrol pumps is Rs. 5 Lakhs

The following forms of investment are considered as eligible funds:

• Funds in the savings account or deposited in the bank or registered companies or postal schemes.
• National saving certificates and bonds.
• Shares of the listed companies from the Demat account.
• Mutual Fund investments.

However, the cash in hand and the jewelry are not valid propositions. Additionally, the current account balance will not be considered.

Generally, you will need to apply for the dealership with a nominal application fee. Application fees are Rs. 100 in the case of rural ROs and Rs. 1000 in the case of regular ROs. 50% concession is available for candidates belonging to SC/ ST.

Suggested Read:   Top Lubricant Companies In India

You will need to pay the application fee in the form of a Demand Draft (DD) of a scheduled bank drawn in favor of the concerned Oil Company. The fee is non-refundable. Additionally, one applicant cannot apply for more than one location. Moreover, one application for one applicant for one location.

The specific fee depends on the location and varies depending upon the oil company. Check the respective company website carefully before applying for the pump dealership.

3. Arrange Funds

The petrol pump business is a cash-intensive business. Most applicants looking to buy a petrol pump dealership will need funds to start and run a petrol pump.

One needs to develop a business project plan document from professional writers and submit it to banks and financial institutions. Check this article to learn more about the best business loans in India.

4. Register a Company

Experts suggest forming a private limited company to run a petrol pump business.  This is because running a petrol pump is a big-ticket business activity and a big amount of financial transactions are expected.

At present, GST Registration is a must to run a petrol pump business in the country.

5. How To Apply For The Petrol Pump License in India

First of all, you will need to look out for the release of an open advertisement by the petroleum company. Generally, the companies publish the advertisements in all leading newspapers and on the official websites of the concerned company.

You can get the information from these advertisements or notifications about the location/s where the company proposes to set up a petrol pump. If you are interested, you can apply for the license for the opening petrol pump in the desired state/ city/ town/ area.

Below are the important website link for applying for the petrol pump license in India:

• http://www.hindustanpetroleum.com/retailpetrolpumpdealership
• http://www.bharatpetroleum.in
• http://www.essar.com/section_level3.aspx?cont_id=tyN/VXziEDc=
• http://iocl.com/Talktous/Guidelines.aspx
• https://www.petrolpumpdealerchayan.in/

After getting the license you will need to establish the petrol pump and oil bunkers according to the company’s specifications.

The Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium-scale businesses.

Bharat Petroleum Success Story | How This Oil and Gas Producer Is Leading the Indian Economy?

Shalini Rath

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Bharat Petroleum.

The most important global industry is the oil and gas industry as they use Earth's resources to generate their source of revenue. Oil and gas industries are among the six core industries in India. They play a crucial part in boosting India's economy. As a sector, it is the most growing sector and gives a wide range of scope for investors and promises a great deal.

This sector dates back to 1889 when oil was found in Digboi in the state of Assam. Around the 1960s, the oil and gas industries started picking up.

Read about Bharat Petroleum, one of India's leading oil and gas company's founders, how it started, its business model, revenue model, shareholders, competitors, challenges faced, and more in this article.

Bharat Petroleum - Company Highlights

Bharat Petroleum - About and How Does It Work? Bharat Petroleum - Industry Bharat Petroleum - Founder and Chairman Bharat Petroleum - Startup Story and Growth Bharat Petroleum - Mission and Vision Bharat Petroleum - Name, Logo, and Tagline Bharat Petroleum - Business Model Bharat Petroleum - Revenue Model Bharat Petroleum - Shareholding Bharat Petroleum - Competitors Bharat Petroleum - Awards and Achievements Bharat Petroleum - Advertisements and Campaigns Bharat Petroleum - Mergers and Acquisitions Bharat Petroleum - Challenges Faced Bharat Petroleum - Future Plans

Bharat Petroleum - About and How Does It Work?

It was in 1889 during the British rule, when oil was first discovered in Digboi, Assam. Soon after, this discovery sparked the emergence of the oil and gas industry, and by 1960 the industry began to pick up.

Founded in 1976, Bharat Petroleum Corporation Limited (BPCL) is a Government of India owned company with three manufacturing plants situated in Bina, Kochi, and Mumbai .

Bharat Petroleum is all about exploring and producing oil and gas. As per reports in India, most of the petroleum sector is administered by Bharat Petroleum Corporation Ltd (BPCL). The Ministry of Petroleum and Natural Gas is in control of BPCL. The company is also the second-largest government-owned downstream oil company in India.

Refining and Marketing Activities , which encompasses the Downstream petroleum industry is the single segment in which the corporation works. They also work on hydrocarbon exploration and production (E&P).

Bharat Petroleum produces oil for motorists-fleet owners, aviation services, and other industries and commercial purposes. Besides this, the company is also involved in many CSR activities.

Bharat Petroleum - Industry

India is the third largest energy and oil consumer in the world after China and the USA. With the huge potential for growth in the oil and gas industry India aims to reduce oil and gas imports dependence by 10% by 2022.

It is one of India's leading integrated energy firms and is also a Fortune Global 500 company that refines crude oil and markets petroleum products . It has a major presence in both the upstream and downstream of the oil and gas industry. BPCL now enjoys the prestigious Maharatna designation.

Bharat Petroleum - Founder and Chairman

Bharat Petroleum is a government-owned oil and gas company.

Shri Arun Kumar Singh is currently the Chairman and Managing Director at Bharat Petroleum Corporation Limited.

Arun Kumar Singh

Arun is a Mechanical Engineer who graduated from the National Institute of Technology, Patna. BPCL appointed Arun Kumar Singh as the Chairman and Managing Director in 2021. Arun has over 36 years of experience in the oil and gas industry. In these years, Arun has headed Business Units and Entities in BPCL, such as Retail, LPG, Pipelines, Supply Chain Optimization, etc.

He also played the role of President ( Africa & Australia ) in Bharat PetroResources Ltd., a wholly-owned subsidiary of BPCL, engaged in the exploration of Oil & Gas mainly overseas. He is also the Chairman of Indraprastha Gas Ltd and serves as the Director on the Board of Bharat Gas Resources Ltd.

Bharat Petroleum - Startup Story and Growth

The origins of Bharat Petroleum go back to 1928 when India was under British rule and had incorporated the Burmah Shell Oil Storage & Distribution Company in India.

The Britishers started to bring in petroleum products to India and grew the business rapidly . After achieving the leadership position in India Burmah Shell Oil Storage & Distribution Burmah Shell refineries set up a refinery in Mumbai that led to the incorporation of Burmahshell Refineries Limited (BSR). Under this operation, the refinery company introduced LGP as a cooking fuel for Indian homes.

Burmah Shell (now Bharat Petroleum) is responsible to unveil the first pump station in 1928. The addition of a sizable glass cylinder that was connected to the pump, which was retrofitted to existing pumps, allowed the client to see exactly how much fuel he was buying. The clock-style meter, which predominated on gas pumps in the early 1930s, later replaced the visible cylinder.

In those times, the company also offered lubricants that met the highest quality standards and were staffed by workers with specialised training and a state-of-the-art quality control lab. The lubricant was the largest and most modern in the East – at Wadi-Bandar (known as Wadilube installation).

Wadilube currently offers the whole spectrum of lubricants and blends 349 distinct lubricant grades into 841 SKUs.

Fast forward to 1976, the company name was changed to Bharat Refineries Limited (BRL). It was then the company that was taken over by the Government of India . Later after one year, the company was renamed Bharat Petroleum Corporation Limited.

Bharat Petroleum introduced the PetroBonus Program in 1999. It is the country's first pre-payment-cum-rewards programme for the oil industry, and it uses cutting-edge microprocessor-based smart cards that are simple to use.

Today, the company developed into the country's first modern refinery, representing the nation's industrial might and utilising the most recent technological improvements to enable digital transformation.

Bharat Petroleum - Mission and Vision

The company's vision lies in seven core values, which are:

• Customer Centricity
• Development of People
• Collaboration
• Involvement

The company's mission is to offer services that ethically help the society and environment. It aims to grow as a great organisation on both professional and personal levels.

The company wants to establish sustainable development and be the change by transforming the existing crisis into unique strengths that will help build a better nation.

Their CSR vision reads, "Be a Model Corporate Entity with Social Responsibility committed to energizing lives through Sustainable Development”

Bharat Petroleum - Name, Logo, and Tagline

Bharat Petroleum used to be known as Bharat Refineries Limited (BRL) after the Government of India took over Burmahshell Refineries Limited (BSR) in 1978.

The logo of the company features a thick white circular outline inside a solid blue circle with a yellow "Yin and Yang" (meaning shade and sun) contained within it. While bringing lightness and balancing the dense and intense emblem, the white line kept the solidity and stability intact.

Bharat Petroleum boasts with its tagline, "energising lives"

Bharat Petroleum - Business Model

The company type is Public and is owned by the Government of India. The company's IPO was launched on Sep 29, 2000.

Its business mostly involves engaging in the following services:

Fuel and Services

It offers numerous product options, including premium fuel products like Speed and Speed 97, that ensure a superior driving experience for enthusiasts, along with gasoline, diesel, automotive LPG, and compressed natural gas. With the rising demands of the contemporary world, the company also offers exceptional and innovative services.

This covers specific Fuel Station formats such as Ghar, Highway Star, Pure for Sure, Smart Fleet, Petro Card, Smart Drive, Door-to-Door Fuel Kart, BPCL SBI Card , and other similar services that ensure a seamless customer experience.

MAK Lubricants

This is to deliver lubricants and greases in India and international markets . They offer a wide range of 400+ grades throughout numerous categories to meet the varied and constantly changing needs of the industrial sector and the automotive segment.

Aviation Services

Bharat Petroleum is in the charge of Aviation fuel business . It is involved in every step of the value chain, including the manufacturing of jet fuel at refineries, its transportation and storage, Intoplane services, fuel operating systems that adhere to international quality standards, and other value-added services.

Industrial and Commercial Business

Under this, the business model of the company is B2B with industrial and commercial oil and has a customer base across various industrial sectors like Cement, Heavy Industries, Power, Railways, Paints, Petrochemicals, and others.

Oil Refineries

It operates the following refineries:

• Bina Refinery - This is located in Bina, Sagar district, Madhya Pradesh. The plant produces 7.8 million metric tonnes per year. This is a joint venture between Bharat Petroleum and Oman Oil Company known as the Bharat Oman Refineries Limited (BORL).
• Kochi Refinery - It can produce 15.5 million metric tonnes annually and is located in Kochi, Kerela.
• Mumbai Refinery - This refinery can produce 13 million tonnes per year.

International Trade

Bharat Petroleum also operates its business by undertaking the activities of the International Trade Department such as:

• Crude Oil Import and Indigenous Procurement.
• Chartering of crude and petroleum products including coastal movements.
• Risk Management.
• Petroleum Products – Imports/Exports and related operations.

Proficiency Testing

For the first time in the petroleum business, the brand is now organising Proficiency Test (PT) programmes to meet the demands of petroleum sector laboratories in India and neighbouring regions. The testing lab is situated in Mumbai and is successfully accredited by the NABL (National Accreditation Board for Testing and Calibration Laboratories), an independent authority under the Department of Science and Technology.

SAP Training

Bharat Petroleum is also engaged in providing SAP training. SAP is one of the leading software solutions which is a very demanding course currently. SAP solutions are required by almost all industries today. An initiative as the Bharat Petroleum SAP Training Center focuses to provide class training to aspiring SAP consultants.

Bharat Petroleum - Revenue Model

The company generates its revenue from its subsidiaries like Bharat PetroResources Ltd. (BPRL), Bharat Oman Refineries Limited (BORL), Bharat Gas Resources Limited (BGRL), Bharat Renewable Energy Limited (BREL), and more.

The company recorded a revenue of $54.2 billion (₹432,569 crores) in the year 21-22 compared to $38 billion (₹3,04,274 crores) in the year 2020-21.

The consolidated Net profit was recorded to be $1.4 billion (₹11,681 crores) during the same period.

Bharat Petroleum - Shareholding

The Promoter & Promoter Group (Government of India) owns 52.98% of shares in Bharat Petroleum. The shareholding of Public shareholders is 46.71% which includes Mutual funds, Foreign Portfolio Investors, Financial institutions/banks, and insurance companies . Non-Promoter-Non Public holds 0.32% and Shares held by Employee Trusts also stand at 0.32%.

Bharat Petroleum - Competitors

In India, many oil and gas industries give cut-throat competition for Bharat Petroleum. Some of the biggest competitors are as follows:

• Reliance Industries
• Oil and Natural Gas Corporation (ONGC)
• Indian Oil Corporation Ltd. (IOCL)
• Hindustan Petroleum Corporation Ltd. (HPCL)
• Mangalore Refinery and Petrochemicals Limited (MRPL)
• Jindal Drilling
• Asian Energy
• Selan Expl. Tech
• Aban Offshore
• Duke Offshore

Bharat Petroleum - Awards and Achievements

Some of the biggest awards in the petroleum industry have continuously gone to BPCL. The following is the list of awards and recognition that the company has received in these last few years are:

• Dun & Bradstreet has awarded #BPCL the Top performer in the Oil - Refining & Marketing sector.
• Business Performance in Cargo/Ship handling at Cochin Port" for 2021.
• National Health Safety Security and Environment Award at Global Safety Summit 2022.
• Award from Joint Secretary Refinery, for Implementing Best Energy Efficient Project.
• PCRA confers Best EnergEfficiency Award for FY 2021, on BPCL’s LPG Bottling Plant in #Sultanpur.
• BPCL and The Government of Odisha sign a five-year MOU for #GreenInitiatives.
• Water Sustainability Award at the first Water Sustainability Awards 2021-22.
• Global CSR Excellence and Leadership Award.
• Certificate on Excellence in Sustainable EHS at the World Sustainability Congress.
• The Sustainable Growing Corporate of the Year Award’ at FIPI Awards 2021.
• The Energy & Environment Foundation recognises #BPCL with Global Platinum Award 2021.
• Best Digital Customer Experience Strategy Award.
• SAP ACE Disruptor award 2021, for Excellence in Customer Experience Management.
• Global Platinum Award 2020 on Sustainability from The Energy and Environment Foundation.
• Special Recognition in SHRM Award for Excellence in Learning and Development.
• CII Environmental Project Awards.
• Corporate Citizen of the Year -2020.
• Manufacturing Supply Chain Award.
• Golden Peacock Award for Sustainability for FY 2018-19.
• Grant Thornton Social and Business Enterprise Responsible Awards (SABERA).
• Global CX Summit Exceptional Experience Awards for Best Social Media Strat.

Bharat Petroleum - Advertisements and Campaigns

Earlier this year, the company did a video campaign on the occasion of the New Year. Through the campaign, the brand wanted to aim at the obstacles and challenges one goes through its journey and directed them to stay motivated through the support of BPCL.

The company is also active in engaging with its customers by having a solid social media presence. You can follow the company on Facebook , Instagram , Twitter , and LinkedIn , or reach out to them by email.

Bharat Petroleum - Mergers and Acquisitions

In 2021, the company, which earlier merged with Oman Oil in BORL bought the company for $24 million for 36.62% equity. This allowed BPCL to own BORL in its entirety as a subsidiary.

The company has made two major investments. The most recent investment was on Aug 24, 2018, when Medtel Healthcare raised ₹10 million. Before that BPCL was also a lead investor in FINO PayTech , when it raised $37.6 million on 29 July 2016.

Bharat Petroleum - Challenges Faced

Recently, the company announced a decline of 82% in its net profit in the quarter that ended in March 2022. The reason for this is due to the uncertainties attached to fuel prices even though there was a hike. Many oil marketing firms have also witnessed this loss. This comes after international crude oil prices stayed beyond $100 per barrel.

According to BPCL, refinery throughput decreased from 8.39 million tonnes a year earlier to 8.12 million tonnes in the January-March quarter. Nevertheless, its market sales increased from 11.17 million tonnes to 11.82 million tonnes.

Bharat Petroleum - Future Plans

The company has an upcoming project called the ' Petrochemical Diversification ". It plans to diversify in this area to provide an attractive higher value addition over transportation fuels. The company plans to invest around Rs 13,000 crores in this project.

Who is Bharat Petroleum's owner?

The government of India is the owner of Bharat Petroleum with a shareholding of 52.98%.

Is BPCL in profit or loss?

BPCL has recorded an attributable net profit of 11,681.50 crore INR in the year 2021-22, as against 17,319 crore INR in the previous year.

What is Bharat Petroleum's revenue for 2022?

Bharat Petroleum recorded consolidated revenue of $54.2 billion for FY22.

What is the use of the BPCL card?

SBI launched the BPCL SBI credit card in collaboration with Bharat Petroleum Corporation Limited. The card offers a value-back of 4.25% on fuel purchases at BPCL petrol pumps. The card also offers other rewards in categories like movies, dining, grocery shopping, etc.

What's the market capitalization of BPCL?

BPCL has a market capitalization of 72,377.12 crores INR.

Which petroleum company is best in India?

The following are the best petroleum companies in India:

• Bharat Petroleum
• Reliance Petroleum Limited
• Hindustan Petroleum

Is BPCL getting Privatised?

The government was willing to sell its entire stake of 52.98% in Bharat Petroleum for privatization. However, for now, the centre has withdrawn this offer as two out of three companies that showed interest in the offer walked out of bids.

Must have tools for startups - Recommended by StartupTalky

• Convert Visitors into Leads- SeizeLead
• Payment Gateway- Razorpay
• Spy on your Competitors- Adspyder
• Manage your business smoothly- Google Workspace

The Business Behind Free Apps: How They Make Money Without Charging You

Free apps are ubiquitous on our phones and tablets. From social media giants to addictive games, these seemingly free offerings dominate the app stores. But how exactly do these apps make money if they don't charge upfront? The answer lies in a sophisticated web of monetization strategies designed to leverage

How Mobicule Utilise AI to Improve Debt Collection Process

This article has been contributed by Siddharth Agarwal, Founder and Managing Director, Mobicule Technologies Pvt Ltd. The recovery of loans is frequently the top priority for lenders in the field of lending because the risk of defaulting is constant. Lenders are increasingly using technology-driven solutions to help in the recovery

Top 12 Popular Cosmetic Brands in India

From ancient times to today, cosmetics have always been a part of our lives. Back then, they were all about natural sources, but now, it's a mix of natural and chemical compounds. Cosmetics cover everything from personal care to fragrances, helping us look and feel our best. Nowadays, makeup isn't

Coaching Institutions' Gross Marketing Technique

Unscrupulous advertising has become the standard in many industries because of the cutthroat nature of modern competition. Even the most sacred and innocent of all sectors, education, which shapes the nation's leaders of tomorrow, has begun to wear shades of grey. Students in today's academically competitive world are always looking

• About IndianOil
• Awards and Recognitions
• Corporate Logo
• Our Vision with Values
• Our Leadership
• Bongaigaon Refinery
• Barauni Refinery
• Paradip Refinery
• Haldia Refinery
• Mathura Refinery
• Gujarat Refinery
• Panipat Refinery and Petrochemical Complex
• Guwahati Refinery
• Digboi Refinery
• Projects under Implementation
• Crude Oil Pipelines
• Petroleum Product Pipelines
• Gas Pipelines
• Pipeline Safety
• Pipeline Crossing Permission Portal
• Research & Development
• Petrochemicals
• Natural Gas Properties
• Natural Gas Brochure
• City Gas Distribution(CGD)
• Our Locations
• Lanka IOC PLC
• IndianOil Mauritius Ltd
• IOC Middle East FZE
• Chennai Petroleum Corporation Limited
• Our Upcoming Projects
• Integrated Annual Report 2022-23
• Integrated Annual Report 2021-22
• Integrated Annual Report 2020-21
• All Annual Reports
• IndianOil Podcast
• Compressed Natural Gas(CNG)
• Petrol Gasoline
• High Speed Diesel
• Swagat Retail Outlets
• Automotive Greases
• Automotive Lubricating Oils
• Automotive Speciality Oils
• Feedback & Suggestion
• Frequently Asked Questions
• Test Fuel Samples
• Fuel Station Locator
• Loyalty Programmes
• PNG Domestic
• Chhotu 5 KG Free Trade LPG Cylinder
• Indane Composite cylinder
• Non-Fuel products
• LPG Services
• Say No to LPG Subsidy
• Indoor Solar Cooking System
• Indane XTRATEJ
• Indane NANOCUT
• Reticulated LPG
• Indane Chhotu
• Piped Natural Gas - Industrial / Commercial (PNG - I & C)
• Light Diesel Oil
• Furnace Oil
• Aviation Fuel
• AVGAS 100 LL
• Marine Oils
• Specifications
• Agricultural Spray Oils
• Industrial Greases
• Industrial Lubricating Oils
• Industrial Speciality Oils
• Metal Working Oils
• Railroad Greases
• Railroad Oils
• Fuel Mgmt Consumer Pumps
• Non Fuel Alliances
• Marketing Loyalty Programs
• Application for New CGD Customer connectivity
• Food Grade Hexane
• Jute Batching Oil
• Mineral Turpentine Oil
• Paraffin Wax
• Raw Petroleum Coke
• Non PDS Superior Kerosene Oil
• Refining Consultancy
• Pipeline Consultancy
• Technologies for Licensing
• IndianOil for Community (CSR)
• Global Compact Initiative
• Scholarships Archive
• IndianOil Sports Scholarship 2022
• Sustainability
• Arka Kshetra
• Holiday Listing Guidelines
• Future Procurement Plan
• Future Shipping Requirements
• Hospital Nomination
• IndianOil Conciliation Rules, 2014
• IndianOil GSTIN
• Integrity Pact
• Procurement from MSEs
• Reports on Purchase / Work Order
• Suppliers Notices
• Import Export
• Ship Chartering
• Vendor Payment Status
• Ads For RO dealerships
• Reconstitution Guidelines
• Door to Door Delivery of Diesel
• LPG Distributorships Archive
• Guidelines for Selection of COCO Service Provider
• Polymer Dealers
• Gas Bidding Portal
• Marketing Discipline Guidelines
• Annual Return
• Annual General Meeting
• Business Responsibility Report
• Buyback of shares by IndianOil
• Committees of the Board
• Contact details for share related matters
• Corporate Governance
• Dividend Information
• Familiarisation program for Ind. Directors
• Financial Performance
• IndianOil's Credit Rating
• Intimation To Stock Exchange
• Investors Notices
• KYC updation for physical shareholders
• Model tripartite agreement between the issuer, existing STA and new STA
• Postal Ballot
• Conference call with Analysts/ Investors
• Shareholding Pattern
• T&C of Appointment of Ind. Directors
• Transfer of shares to IEPF
• IndianOil (Mauritius) Ltd.
• News Releases
• Prestige Publications of IndianOil
• Prices of Petroleum Products
• Prices of Petrol & Diesel
• IndianOil Institute of Petroleum Management (IiPM)
• Job Opening
• Job Postings Archive
• Apprenticeships
• IndianOil's Net Zero Goal
• Environment Management
• Learning Modules
• Related Links of Satat
• Enquiry Form
• CBG Plants Outside Scheme
• H,S & E Policy
• Occupational Health
• Green Fuel Alternatives
• Environment
• PaHal-Related Queries
• Other LPG Queries
• Queries on Fuel Stations
• Vigilance Complaint
• CPIO/APIO Details
• RTI Ready Reckoner
• RTI Audit Report
• Nodal Officer
• Committee for FAQ
• Transfer and Promotion
• Parliament Questions and Replies
• Citizen Charter
• Statutory Notices

Our Business

IndianOil is India's flagship Maharatna national oil company with business interests straddling the entire hydrocarbon value chain - from refining, pipeline transportation & marketing to exploration & production of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations. It also has global aspirations, fulfilled to an extent by the formation of subsidiaries in Sri Lanka, Mauritius, the UAE, Sweden, USA and the Netherlands. It is pursuing diverse business interests with the setting up of over 15 joint ventures with reputed business partners from India and abroad to explore global opportunities.

Voice search

Click on the below button and speak something...

Speech to Text  

Hyperlinking Policy

Links to external websites/portals.

At many places in this website, you shall find links to other websites/portals. The links have been placed for your convenience. IndianOil is not responsible for the contents and reliability of the linked websites and does not necessarily endorse the views expressed in them. Mere presence of the link or its listing on this website should not be assumed as endorsement of any kind. We cannot guarantee that these links will work all the time and we have no control over the availability of linked pages.

When you select a link to an external website, you shall be leaving IndianOil's website and shall be subject to the privacy and security policies of the owners/sponsors of the outside website(s).

IndianOil cannot authorise the use of copyrighted material contained in the linked website(s). Users are advised to request for such authorisation from the owners of the linked website(s).

Links to IndianOil Website from other websites

Prior permission is required before hyperlinks are directed from any website/portal to this site. Permission for the same, stating the nature of the content on the pages from where the link has to be given and the exact language of the Hyperlink, should be obtained by sending a request to our Corporate Office. Please visit the Contact Us page of our website for more information.

Also, we do not permit our pages to be loaded into frames on your site. The pages belonging to this site must load into a newly opened browser window of the user.

Terms of Use

The following terms and conditions will be deemed to have been accepted by the User on usage of the website www.iocl.com. You are requested to read them carefully before you use the services of this site.

The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.

By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.

ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.

All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.

IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.

The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.

IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.

In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.

User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.

The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.

IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.

The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.

The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.

Data Privacy Policy

GRIEVANCE OFFICER

In accordance with the Indian Information Technology Act 2000 and the rules notified thereunder, the contact details of the Grievance Officer are provided below:

Sh. Abhinav Bhatt, Corporate Business Technology Centre, Indian Oil Institute of Petroleum Management Campus, Plot No. 83, Institutional Area, Sector 18, Gurugram, Haryana – 122001 Email: data-grievance[at]indianoil[dot]in Phone : 0124-2861509

Click here to view IndianOil's Data Privacy Policy (Offline Data Collection).

Click here to view IndianOil's Data Privacy Policy (Online Data Collection).

CHANGES TO THIS PRIVACY POLICY

The Policy is subject to modifications from time to time. If IOCL decides to change this Policy, IOCL shall publish the modified Policy on its website.

Copyright Policy

All content, designs, logos, images, and materials displayed on this website are protected by copyright and other intellectual property laws. Unauthorized reproduction, distribution, or modification of any content from this site is strictly prohibited and may result in legal action.

Prohibition of Design and Layout Replication

We kindly remind our users, visitors, and third parties that replicating, copying, or imitating our website’s design, layout, or any distinctive features without explicit authorization is strictly prohibited. This includes, but is not limited to:

Replicating the visual design or layout of our webpages.

Copying or mimicking our unique combination of colors, fonts, graphical elements, or navigational elements.

Reproducing our website’s structure, organization, or presentation.

Using any automated tools, software, or manual methods to replicate or copy any aspect of our website’s design or layout

Copyright Infringement Notice

We take copyright infringement seriously and will pursue appropriate legal action against those who infringe upon our intellectual property rights.

We appreciate your understanding and compliance with our Copyright Policy. By accessing or using our website, you agree to abide by these copyright protections and refrain from unauthorized replication or copying of our design and layout.

Thank you for visiting!

Starting A Petrol Station Business Plan (PDF)

Starting a petrol station business is a highly lucrative venture, given its essential role in the daily lives of millions. A petrol station also known as a gas station, filling station, or a service station is a facility that sell fuel and engine lubricants to motor vehicles. Fuel dispensers are used to pump fuel directly into the tanks of the motor vehicles. In the ever-growing automotive world, the demand for fuel remains consistently high, making petrol stations a cornerstone in both urban and rural landscapes. This business not only caters to the basic needs of vehicle owners but also serves as a critical component in the supply chain of goods and services. The profitability of a petrol station is underscored by its ability to maintain robust margins, stemming from the high volume of sales and the diverse range of services and products it can offer.

The appeal of owning a petrol station business lies in its resilience to economic fluctuations. While other industries may falter during economic downturns, the need for fuel remains relatively constant, providing a stable source of income for station owners. Moreover, with the integration of additional services such as convenience stores, car washes, and maintenance services, petrol stations have evolved into multi-faceted establishments, further enhancing their profitability. This diversification not only boosts revenue but also attracts a broader customer base, increasing the station’s visibility and market presence. This article will outline how start start a petrol station business and the petrol station business plan – PDF, Word & Excel.

Market Research

When starting a petrol station business, market research is a critical step that cannot be overlooked. It begins with a detailed demographic analysis to understand the population in your target area, focusing on factors such as income levels, vehicle ownership, and commuting patterns, which are crucial in estimating the potential customer base and their service needs. Equally important is location scouting, where the success of your petrol station largely depends on choosing a site with high traffic volumes, easy accessibility, and little competition, ideally near highways, commercial hubs, or residential areas. Additionally, a thorough competition analysis is vital, requiring you to identify and study existing petrol stations in the vicinity to understand their offerings, pricing, customer volume, and how you can differentiate your station.

The market research should also include trend analysis and an understanding of the regulatory landscape. Keeping abreast of the latest trends in the fuel industry, such as the rise of electric vehicles, fluctuations in fuel prices, and environmental regulations, is essential for future-proofing your business. At the same time, being well-versed in the legal requirements, including environmental regulations, safety standards, and local zoning laws, is crucial for smooth operation. Customer preferences and expectations must also be at the forefront of your research. Conducting surveys to understand what potential customers expect from your petrol station, whether it be additional services like car washes, convenience stores, or food options, is key to catering to their needs effectively.

The financial viability of your petrol station business is a cornerstone of your market research. This involves analyzing the initial investment, ongoing operational costs, and potential revenue streams. Such a financial assessment not only aids in creating a realistic business plan but also determines the feasibility and potential profitability of your petrol station. Comprehensive market research not only aids in making informed decisions but also sets the foundation for the successful establishment and operation of your petrol station, ensuring it’s not just about selling fuel but about fulfilling the evolving needs of your customers in a competitive market.

Location for Petrol Station Business

The choice of location is most important when setting up your petrol station business. You must choose a location close or next to strategic and busy road networks. This can refer to major highways or major streets. Still on this, it might seem best to choose a location in urban settings. There are some possible issues with that e.g. high land or leasing costs and proximity to competitors. Try also looking into peri-urban and even rural areas. You can still get good business there and chances are high that competition will be limited.

You want a spot that generally has a smooth and level terrain. If you are starting from scratch and the terrain is rough and uneven, it might cost you more to work on it. Ensure that your petrol station allows easy access and exit for all types of vehicles. Your petrol station must be clearly visible from all angles and from a considerable distance away. Then of course be it you settle for urban, peri-urban, or rural, try to set up your petrol station not too close to other competitors. Do not forget that there are environmental implications in setting up or operating a petrol station. That is why it is wise to engage the local authorities for guidance and ratification. The cost of acquiring or leasing the land & premises should be included in the filling station business plan.

The premises of your petrol station play a pivotal role in shaping the overall customer experience and operational efficiency. A well-designed and maintained physical space not only attracts customers but also ensures their safety and convenience. Your petrol station’s layout should provide ample space for fueling lanes, parking, and easy traffic flow. Clearly marked entrances and exits, along with well-lit areas, enhance safety during both day and night. Adequate landscaping and aesthetics can also contribute to a positive image, drawing in more customers and fostering a sense of trust and reliability. The primary structure, which typically houses the convenience store and administrative offices, should be strategically located and well-designed to maximize visibility and accessibility. It’s essential to create an inviting and functional interior space, ensuring that customers can easily browse your store’s offerings and access essential services like restrooms and ATMs.

Equipment is the backbone of any petrol station operation, and its proper functioning is essential for delivering reliable services to your customers. First and foremost, fuel dispensers are the heart of your business, and they must be well-maintained and calibrated to dispense fuel accurately and efficiently. Regular inspections and servicing of these machines are crucial to prevent fuel wastage and ensure customer satisfaction. Underground storage tanks are another critical piece of equipment that requires diligent maintenance. Regular leak detection tests and compliance with environmental regulations are imperative to avoid costly environmental contamination issues and potential fines. Ensuring the structural integrity of these tanks is vital for the safety of your premises and the community.

A petrol station canopy is a crucial component of any fueling station infrastructure. It serves as a protective cover over the fuel dispensers, providing shelter to customers and vehicles during refueling, regardless of weather conditions. The canopy also plays a significant role in branding, as it often displays the petrol station’s name and logo, making it easily identifiable to passing motorists. Beyond aesthetics and branding, the canopy offers practical benefits by shielding customers from rain, sun, and other environmental elements, enhancing their overall experience and safety at the station. Other required equipment include fill pipes, fire extinguishers, back-up generator, air compressor, surveillance cameras, branded uniforms, protective clothing, safe, office equipment and supplies, and signage. In addition to fuel-related equipment, convenience store equipment, such as refrigeration units, cash registers, and security systems are required. Other equipment needs will be informed by additional services you choose to offer. The costs of purchasing the equipment should be included in the gas station business plan.

Products & Services

The core business of a petrol station is fuel retail. The commonly sold fuels are petrol/gasoline and diesel. There are 3 types of petrol station services that you can offer as follows:

Full Service

Let us suppose you get to a petrol station and an attendant comes to serve you. They ask how much fuel you want and they pump it in for you. They also proceed to clean your windscreen (also known as the windshield). They go on to offer to do oil and water checks in your engine. They then wrap it up by checking the pressure of your tyres. As a customer, you do not get to do anything at all; the attendant does it for you. This is what a full service is all about.

Partial Service

This one is quite common in some countries. It entails the attendant only pumping in the fuel for you. That is their sole responsibility. Cleaning the windshield you would do yourself, that is if the equipment is even there. Oil, water, and pressure checks are all your responsibility.

Self-Service Petrol Station

Here the customers does everything themselves, including the pumping. This is also common in some countries and almost non-existent in some countries. There is an interesting variation to this self-service approach. This is whereby there are no attendants at the petrol station at all. That functions using sophisticated software and specialized pumps – the petrol station can be totally unmanned.

Additional Products & Services

It is strategic to not just sell fuel or gas alone. One of the keys to success in the petrol station business is having several revenue streams. Look into offering additional but related services to lure more customers. You can have a convenience store at your petrol station – this is like a mini-grocery shop which sells basic goods and snacks. Other possibilities are setting up a car wash, selling vehicles accessories, selling lubricants, selling LP gas, selling kerosene (i.e. paraffin), or offering tyre repairs (plus sales) services. You can even do actual vehicle repairs, diagnostics, wheel alignments, and the like. This will significantly endow your petrol station business with a superior value proposition. All the products and services that you offer should be included in your fuel station business plan.

Branding is a critical aspect of establishing a strong and recognizable presence in the highly competitive petrol station industry. Your petrol station’s brand identity encompasses more than just a logo; it encompasses the overall perception and image your station conveys to customers. Effective branding not only fosters customer loyalty but also attracts new patrons to your station.

Your brand should reflect the values, mission, and commitment of your petrol station business. It should convey trustworthiness, reliability, and a commitment to customer satisfaction. Elements such as signage, canopy design, color schemes, and even the cleanliness and appearance of your premises all contribute to your brand image. Consistency in branding across all touchpoints, including advertising, social media, and physical locations, reinforces your station’s identity and helps build a loyal customer base. Remember that a well-defined and appealing brand can set you apart from competitors and create a lasting impression in the minds of consumers, ultimately driving the success and growth of your petrol station business.

Staff & Management

A filling station business does not need that many people. It is commonplace to get to a petrol station and find a few personnel. The number of pumps you will have and how busy the petrol station generally is can call for more hands on deck. Otherwise the most basic line-up of staff that suffices for a petrol station is fuel attendants, an administrator, and operations manager (also known as site manager). The additional services you choose to offer will also determine your staffing needs. The gas station business plan should include the salaries of all your staff.

Budgeting and Financial Planning

Starting a petrol station business is a significant undertaking, and success in this venture hinges on meticulous budgeting and financial planning. To begin, you’ll need to allocate funds for your initial investment. This includes selecting a prime location, covering land and construction costs, obtaining the necessary licenses and permits, and ensuring environmental compliance. These initial steps are pivotal in establishing a strong foundation for your petrol station.

Equally crucial is budgeting for equipment and inventory. This entails factoring in the cost of fuel pumps, storage tanks, and the initial fuel inventory. Additionally, you should consider stocking your convenience store with an array of products to attract customers. Operating expenses such as employee salaries, utilities, maintenance, and marketing efforts must also be budgeted to ensure the smooth daily operation of your petrol station.

Financial projections and contingency planning play essential roles as well. Creating a detailed financial forecast that considers various factors affecting the petrol station industry, such as fuel price fluctuations and seasonal demand, will help you chart a successful course. Including a contingency fund in your budget is essential to handle unforeseen expenses and maintain your business’s stability. Exploring financing options and establishing robust financial management systems will further contribute to the financial health and long-term sustainability of your petrol station business.

Understanding the spectrum of potential customers is essential in the petrol station business, where diverse groups have distinct needs and preferences. One primary group is commuters/individuals with cars, who make up a significant portion of the customer base. These individuals prioritize convenience, efficiency, and reliability, often choosing petrol stations that are easily accessible and offer quick service. Another important segment includes commercial vehicles and fleets, such as trucks, buses, and company vehicles, which require regular refueling. These customers often seek contractual fuel supply agreements, and offering bulk pricing or loyalty programs can be particularly attractive to them. Additionally, local residents in the vicinity of your petrol station can become regular patrons, especially if additional services like a convenience store, car wash, or café are available.

Travelers and long-distance drivers represent another key customer group, especially for petrol stations located near highways or popular routes. These customers often look for more comprehensive services, including rest areas, food options, and clean restrooms, along with fuel. On the environmental front, there’s a growing segment of environmentally conscious consumers who prefer eco-friendly options. Catering to this demographic might involve offering alternative fuels or electric vehicle charging stations, aligning with the increasing awareness and demand for environmentally responsible choices.

The potential customer base also includes emergency and service vehicles, such as ambulances, fire trucks, and police cars, depending on the location of the petrol station. Serving these critical services can enhance the station’s reputation within the community. By tailoring services and facilities to meet the specific needs of these diverse groups, a petrol station can not only attract but also retain a broad and loyal customer base.

Keys To Profitability

Achieving profitability in your petrol station business hinges on several critical factors. First and foremost, efficient operations play a pivotal role. Streamlining your processes, ensuring well-maintained fuel dispensers, and implementing robust inventory management systems are essential steps. Well-trained staff who provide excellent customer service can foster customer satisfaction and loyalty, which in turn contributes to profitability.

Another key element is pricing strategy. Developing a competitive pricing strategy that accounts for location, competition, and cost structures is paramount. Dynamic pricing strategies can also be advantageous to adjust fuel prices based on market conditions. Additionally, investing in marketing and promotional efforts, such as digital advertising and loyalty programs, can attract new customers and keep existing ones engaged.

Managing your convenience store for profitability is equally important. Optimizing product selection and layout to encourage impulse purchases, offering high-margin items, and controlling operational costs are vital steps. To maintain profitability, focus on cost control by monitoring expenses like utilities and staff wages. Prioritizing safety measures and staying compliant with environmental and regulatory standards can prevent costly liabilities. Building customer loyalty through excellent service and rewards programs will also contribute to long-term success. Financial monitoring is crucial to track your performance and adjust strategies based on data and market trends.

Pre-Written Petrol Station Business Plan (PDF, Word And Excel): Comprehensive Version, Short Funding/Bank Loan Version and Automated Financial Statements

For an in-depth analysis of the petrol station business, we encourage you to purchase our well-researched and comprehensive filling station business plan. We introduced the business plans after discovering that many were venturing into the gas station business without enough knowledge and understanding of how to run the business, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.

The StartupBiz Global gas station business plan will make it easier for you to launch and run your petrol pump station business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. This is a complete business plan for a fuel station business. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the petrol station business.

Uses of the Petrol Station Business Plan (PDF, Word And Excel)

The fuel station business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your filling station business
• As a petrol station business proposal
• Assessing profitability of the fuel station business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

Contents of the Filling Station Business Plan (PDF, Word And Excel)

The business plan for fuel service station includes, but not limited to:

• Marketing Strategy
• Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortization)
• Industry Analysis
• Market Analysis
• Risk Analysis
• SWOT & PEST Analysis
• Operational Requirements
• Operational Strategy
• Why some people in the gas station business fail, so that you can avoid their mistakes
• Ways to raise capital to start your fuel station business

The fuel station business plan package consists of 4 files

• Petrol Station Business Plan – PDF file (Comprehensive Version – 78 Pages)
• Petrol Station Business Plan – Editable Word File (Comprehensive Version – 78 Pages)
• Petrol Station Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 43 pages)
• Petrol Station Business Plan Automated Financial Statements – (Editable Excel File)

The business plan can be used in any country and can be easily edited. The financial statements are automated. This implies that you can change eg the costs, amount of fuel sold etc, and all the other financial statements will automatically adjust to reflect the change. 

Click below to download the Contents Page of the Petrol Station Business Plan (PDF)

Testimonial 3

I was extremely lucky to come across StartupBiz Global. Their business plan exceeded my expectations, and most importantly I was able to secure a loan from my bank. Thank you guys, now my dreams are coming true!

Testimonial 4

The business plan which I purchased from your website saved me TIME and MONEY! The layout of the business plan was excellent. The financial statements were detailed and easy for me to edit. I will come back to purchase another business plan soon.

Testimonial 1

StartupBiz Global provided a very professional and comprehensive business plan which I used for my business. The business plan was easy to edit, and I was able to get the funding which I wanted. I highly recommend their business plans.

Testimonial 5

I was able to understand the business side of farming because of your business plan. You did extensive research; the business plan was well prepared and fully detailed.  It made everything clear, and I have somewhere to start now. I am confident that I am going to succeed in my business because of the guidance from your business plan.

Testimonial 7

I found Startupbiz Global online when I was in desperate need of a business plan. I was overwhelmed by the quality of the business plan, it’s comprehensive and well researched! I did not have to wait to get the business plan, I got it instantly after payment. I highly recommend Startupbiz Global, and would happily use them again in the future.

Testimonial 2

Many thanks for your incredibly efficient service and thorough business plan. I am very impressed with the business plan. Before I bought the business plan, I tried to do my own business plan – it was such a nightmare and it turned out badly, also not to mention the stress it caused me. I wish I knew about your website earlier!

Testimonial 6

I purchased a business plan from you, and I’m glad to inform you that I was able to get my loan, and I’m starting my poultry farming business on the 1 st of July. This was made possible because of your business plan. Thank you very much, you made my dream come true.

Testimonial 8

Just wanted to say I am very happy with the business plan and I will gladly recommend your products, thank you very much and have a great day.

Get the Petrol Station Business Plan (PDF, Word And Excel)

Click Buy Now  below to purchase using Paypal, Credit Card, or Debit Card. After you have purchased, you will immediately see the download link for the business plan package on the screen. You will also immediately get an email with the business plan download link. The Pre-written business plan package (PDF, Word, and Excel) costs $30 only!

If you want to purchase multiple business plans at once then click here: Business Plans Store.

The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.

We wish you the best in your petrol station business! Check out our collection of business plans  , and more business ideas .

Related Posts

How To Start A Greenhouse Vegetable Farming Business

Starting Dairy Farming Business Plan (PDF)

Starting Oyster Mushrooms Farming Business

Starting a Profitable Vending Machines Business

Join our mailing list to receive the latest posts and updates from our website.

You have Successfully Subscribed!

• Chemicals & Resources ›

Petroleum & Refinery

Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access.

India's refinery capacity addition by company FY 2026

By the financial year 2026, the largest refinery capacity expansion plan has been set out for Indian Oil Corporation Limited, in Panipat, with an increase of ten million metric tons per annum. India has been establishing itself as a major player in the refining industry and there are numerous refinery capacity expansion plans that the government has been pushing for in the last decade.

Petroleum refinery capacity expansion plan in India in financial year 2026, by company (in million metric tons per annum)

• Immediate access to 1m+ statistics
• Incl. source references
• Download as PNG, PDF, XLS, PPT

Additional Information

Show sources information Show publisher information Use Ask Statista Research Service

planned figures

IOCL refers to Indian Oil Corporation Limited; HPCL refers to Hindustan Petroleum Corporation Limited; NRL refers to Numaligarh Refinery Limited; 

Other statistics on the topic Petroleum sector in India

Fossil Fuels

• Crude oil price trend in India FY 2009-2023
• Consumption volume of petroleum products in India FY 2012-2023
• Import value of petroleum products in India FY 2011-2023
• Import volume of crude oil into India FY 2012-2023

To download this statistic in XLS format you need a Statista Account

To download this statistic in PNG format you need a Statista Account

To download this statistic in PDF format you need a Statista Account

To download this statistic in PPT format you need a Statista Account

As a Premium user you get access to the detailed source references and background information about this statistic.

As a Premium user you get access to background information and details about the release of this statistic.

As soon as this statistic is updated, you will immediately be notified via e-mail.

… to incorporate the statistic into your presentation at any time.

You need at least a Starter Account to use this feature.

• Immediate access to statistics, forecasts & reports
• Usage and publication rights
• Download in various formats

You only have access to basic statistics. This statistic is not included in your account.

• Instant access  to 1m statistics
• Download  in XLS, PDF & PNG format
• Detailed  references

Business Solutions including all features.

Statistics on " Petroleum sector in India "

• Oil production APAC 2022, by country
• Oil consumption APAC 2022, by country
• Share of estimated crude oil reserves in India 2023, by region
• Onshore production volume of crude oil India FY 2012-2023
• Refinery capacity of crude oil in India FY 2012-2023
• Annual change rate in average crude oil price in India FY 2012-2021
• Petroleum products production volume India FY 2012-2023
• Annual growth rate in production volume of petroleum products India FY 2012-2023
• Installed refinery capacity of petroleum in India 2023, by refinery
• Annual growth rate in consumption volume of petroleum products India FY 2012-2023
• India's refinery capacity addition by company FY 2026
• Monthly consumption of high speed diesel in India 2023
• Monthly consumption of petroleum coke in India 2023
• Monthly consumption of naphtha in India 2023
• Export value of petroleum products from India FY 2011-2023
• Annual growth rate in import volume of crude oil into India FY 2012-2023
• ONGC's net worth FY 2012-2023
• Revenue of Reliance Exploration and Production FY 2017-2022
• Sales volume of LPG gas by BPCL FY 2015-2023
• LPG transmission volume by GAIL FY 2014-2021

Other statistics that may interest you Petroleum sector in India

• Premium Statistic Oil production APAC 2022, by country
• Premium Statistic Oil consumption APAC 2022, by country
• Premium Statistic Share of estimated crude oil reserves in India 2023, by region
• Premium Statistic Crude oil price trend in India FY 2009-2023
• Premium Statistic Onshore production volume of crude oil India FY 2012-2023
• Premium Statistic Refinery capacity of crude oil in India FY 2012-2023
• Premium Statistic Annual change rate in average crude oil price in India FY 2012-2021
• Premium Statistic Petroleum products production volume India FY 2012-2023
• Premium Statistic Annual growth rate in production volume of petroleum products India FY 2012-2023
• Premium Statistic Installed refinery capacity of petroleum in India 2023, by refinery
• Premium Statistic Annual growth rate in consumption volume of petroleum products India FY 2012-2023
• Premium Statistic India's refinery capacity addition by company FY 2026

Consumption

• Premium Statistic Consumption volume of petroleum products in India FY 2012-2023
• Premium Statistic Monthly consumption of high speed diesel in India 2023
• Premium Statistic Monthly consumption of petroleum coke in India 2023
• Premium Statistic Monthly consumption of naphtha in India 2023
• Basic Statistic Import value of petroleum products in India FY 2011-2023
• Basic Statistic Export value of petroleum products from India FY 2011-2023
• Premium Statistic Import volume of crude oil into India FY 2012-2023
• Premium Statistic Annual growth rate in import volume of crude oil into India FY 2012-2023

Major players

• Premium Statistic ONGC's net worth FY 2012-2023
• Premium Statistic Revenue of Reliance Exploration and Production FY 2017-2022
• Premium Statistic Sales volume of LPG gas by BPCL FY 2015-2023
• Premium Statistic LPG transmission volume by GAIL FY 2014-2021

Further related statistics

• Premium Statistic PSU and JV refinery capacity addition of petroleum in India 2008-2021
• Premium Statistic Private sector refinery capacity addition of petroleum India 2008-2022
• Premium Statistic Refinery capacity addition of petroleum in India 2008-2021
• Premium Statistic Quarterly refining margins for selected crudes 2012-2015
• Basic Statistic Process oils imports and exports in the United Kingdom (UK) 2000-2020
• Premium Statistic Ecopetrol: net income 2014-2019
• Basic Statistic Romania: number of enterprises in crude petroleum extraction industry 2012-2021
• Basic Statistic UK: number of enterprises in crude petroleum extraction industry 2010-2018
• Basic Statistic Leading countries in petroleum production in Latin America 2022
• Basic Statistic Petroleum refinery end-use market output in the U.S. 2020-2025
• Basic Statistic Poland: number of enterprises in crude petroleum extraction industry 2013-2022
• Premium Statistic Gas marketing share for GAIL FY 2021, by type
• Premium Statistic Oil refinery capacity in Europe and CIS 2004-2022

Further Content: You might find this interesting as well

• PSU and JV refinery capacity addition of petroleum in India 2008-2021
• Private sector refinery capacity addition of petroleum India 2008-2022
• Refinery capacity addition of petroleum in India 2008-2021
• Quarterly refining margins for selected crudes 2012-2015
• Process oils imports and exports in the United Kingdom (UK) 2000-2020
• Ecopetrol: net income 2014-2019
• Romania: number of enterprises in crude petroleum extraction industry 2012-2021
• UK: number of enterprises in crude petroleum extraction industry 2010-2018
• Leading countries in petroleum production in Latin America 2022
• Petroleum refinery end-use market output in the U.S. 2020-2025
• Poland: number of enterprises in crude petroleum extraction industry 2013-2022
• Gas marketing share for GAIL FY 2021, by type
• Oil refinery capacity in Europe and CIS 2004-2022

• Screen Reader Access
• Skip to main content

• Skip to Main Content
• English Hindi

About Petroleum Planning & Analysis Cell

Ppac tracker, self sufficiency of oil and gas self sufficiency of oil and gas in the country.

Period: April 2023

Petroleum Exports Petroleum Exports as % of Indian POL production

Period: April - March 2024

Gas Price Ceiling (For Gas Produced from Deepwater, Ultra Deepwater and High Pressure - High Temperature Areas)

$9.87 / mmbtu (gross gcv basis).

Period: 1'st April, 2024 - 30'th September, 2024

Domestic PNG Connections No. of Domestic PNG Connections

1,21,55,699 nos. source: pngrb.

As on 31.12.2023

CNG Stations No. of CNG Stations

6,258 nos. source: pngrb, domestic natural gas, $8.90 / mmbtu (gross gcv basis).

Period: 1'st May, 2024 to 31'st May, 2024

Ethanol Blending

ESY: November 2023 - March 2024

Alternate fuel CNG/CBG at

6,022 retail outlets.

As on March 2024

Alternate fuel EV Charging at

17,078  retail outlets, indian basket of crude oil.

For Oct 2022

Petroleum Exports As % of India's gross exports

Period : April - March 2024

PMUY Connections

1026.6 lakhs.

As on 1.03.2024

Active LPG Domestic Connections

3231.4 lakhs, no. of lpg distributors in gramin vitrak, 11,771 nos., no. of lpg distributors in durgam kshetriya, 2022 nos., snapshot of india's oil and gas data, march 2024.

Monthly Ready Reckoner - March, 2024

The PPAC’s Snapshot of India’s Oil & Gas data (Monthly Ready Reckoner) provides a comprehensive compilation of the latest data/information in a single volume for the latest month and historical time series.

View Report  ( Pdf , 2 MB)

(Snapshot of India's Oil and Gas Data, March 2024)

• Economic Indicators
• Crude Oil, Refining & Production
• Consumption
• Liquefied Petroleum Gas (LPG)
• Natural Gas
• Taxes & Duties On Petroleum Products
• Miscellaneous

Oil & Gas Snapshot of States

Volume : 2023-24 Edition : II (Apr-Dec 2023)

The publication is in snapshot format where Oil & Gas key indicators are available for each State/UT. It also includes critical demographic and economic parameters like population (projected), per capita income, GSDP etc.

View Report  ( Pdf , 3 MB)

(Oil & Gas Snapshot of States)

Demographics

Infrastructure

Consumption / Sales

Industry Consumption Report

POL & NG,FY 2023-2024

The Petroleum Industry Consumption Review Report has been prepared by the Petroleum Planning and Analysis Cell (PPAC) for the FY 2023-2024.

View Report  ( Pdf , 5 MB)

(Industry Consumption Report)

Petrol/Motor Spirit (MS)

High Speed ​​Diesel (HSD)

Furnace Oil and Low Sulfur Heavy Stock (FO/LSHS)

Light Diesel Oil

India's Oil & Gas Ready Reckoner

READY RECKONER-FY 2023-24 (H1)

Publication entitled ‘Ready Reckoner’ is brought out twice a year and our endeavour is to deliver accurate and timely information to all stakeholders.

View Report  ( Pdf , 14 MB)

(India's Oil & Gas Ready Reckoner)

• " href=" " target="_blank">
• Major Pipelines In India LPG
• Exploration & Crude Oil Production
• Refining & Production
• Prices & Taxes

Reports & Studies

Lpg profile- apr 2023 - dec 2023, monthly report on indigenous crude oil production, crude oil import and processing february 2024, natural gas production, availability and consumption march 2024, forecast and analysis, demand estimates.

Estimated Petroleum Product Consumption

• Govt Notifications
• Circulars & Notices
• PPAC in News

Guidelines for granting authorization to market transportation fuels

( Pdf , 488 KB)

Guidelines for sale of Biodiesel for blending with high speed diesel for transportation purposes-2019

( Pdf , 338 KB)

Petroleum & Natural Gas (Amendment) Rules, 2018

( Pdf , 792 KB)

National Biofuel Policy 2018

( Pdf , 8 MB)

The Petroleum and Natural Gas Regulatory Board Act 2006

( Pdf , 176 KB)

Oil Industry (Development) Act, 1974

( Pdf , 10 MB)

Petroleum & Mineral Pipeline Act, 1962

( Pdf , 2 MB)

Essential Commodities Act 1955

( Pdf , 31 MB)

Media Gallery View All

Feedback questionnaires

1. Overall, how well does our website meet your needs?

Extremely Well

Somewhat Well

Not so Well

Not at all Well

2. How Easy was it to find what you were looking for on our website?

Extremely Easy

Somewhat Easy

Not so Easy

Not at all Easy

3. Did it take more or less time than you expected to find what you were looking for on our website?

A lot less time

A little less time

About what I expected

A little more time

A lot more time

4. How Visually Appealing is our website?

Extremely Appealing

Very Appealing

Somewhat Appealing

Not so Appealing

Not at all Appealing

5. How likely is it that you would recommend our website to a friend or colleague?

Highly likely

Very likely

Somewhat likely

Not at all likely

Register With Us

In case you want to receive any important notification on PPAC activities, please fill the form.

click here to refresh captcha

Download Report

Click here to refresh captcha

Don't have an account? Register here for free

Please register with us to download historical data, reports and stay connected with us.

Already have an account? Sign In

Forget Password

Please Enter Your registered Email Address

Change Password

Please enter your desire password.

Report download started!

Please check the Downloads folder of the System.

Email Address Verified Successfully

Your email address has been verified successfully., create password.

• Must contain at least 8 character.
• Must include at least 1 number.
• Must include at least 1 special character.
• Must include at least 1 upper case letter.

Email Verification

The password must meet following criteria:, update password.

• Insider Reviews
• Tech Buying Guides
• Personal Finance
• Insider Explainers
• Sustainability
• United States
• International
• Deutschland & Österreich
• South Africa

• Home ›
• finance ›
• tax ›
• news »

India slashes windfall tax on crude petroleum

• Nothing Phone (2a) blue edition launched
• JNK India IPO allotment date
• JioCinema New Plans
• Realme Narzo 70 Launched
• Apple Let Loose event
• Elon Musk Apology
• RIL cash flows
• Charlie Munger
• Feedbank IPO allotment
• Tata IPO allotment
• Most generous retirement plans
• Broadcom lays off
• Cibil Score vs Cibil Report
• Birla and Bajaj in top Richest
• Nestle Sept 2023 report
• India Equity Market
• Best printers for Home
• Best Mixer Grinder
• Best wired Earphones
• Best 43 Inch TV in India
• Best Wi Fi Routers
• Best Vacuum Cleaner
• Best Home Theatre in India
• Smart Watch under 5000
• Best Laptops for Education
• Best Laptop for Students

• Advertising
• Write for Us
• Privacy Policy
• Policy News
• Personal Finance News
• Mobile News
• Business News
• Ecommerce News
• Startups News
• Stock Market News
• Finance News
• Entertainment News
• Economy News
• Careers News
• International News
• Politics News
• Education News
• Advertising News
• Health News
• Science News
• Retail News
• Sports News
• Personalities News
• Corporates News
• Environment News
• Nothing Phone (2a) India-exclusive edition launched
• JNK India IPO allotment
• JioCinema New Subscription Plans
• Realme 70X 5G Launched
• Apple Let Loose Launch event
• Top 10 Richest people
• Top 10 Largest Economies
• Lucky Color for 2023
• How to check pan and Aadhaar
• Deleted Whatsapp Messages
• How to restore deleted messages
• 10 types of Drinks
• Instagram Sad Face Filter
• Unlimited Wifi Plans
• Recover Whatsapp Messages
• Google Meet
• Check Balance in SBI
• How to check Vodafone Balance
• Transfer Whatsapp Message

Copyright © 2024 . Times Internet Limited. All rights reserved.For reprint rights. Times Syndication Service.

• Government of India
• Skip To Main Content
•  Screen Reader Access
• English Hindi/हिन्दी

• About the Ministry
• PSU , Subsidiaries And Others
• Organization Structure
• Phone Directory
• Who's Who
• Important Portal Link
• Training Circular
• Vacancy circular
• Important Circular
• Conventional Hydrocarbon
• UnConventional Hydrocarbon
• Exploration Activities & Framework
• Carbon Capture Utilization & Storage
• Blocks awards & status
• Important processes & activities
• Unconventional
• Enhanced Recovery
• Management Committee
• Acts, Rules & Guidelines
• Other Notifications
• Digital Initiatives
• Investment Opportunities Unconventionals
• Investment Opportunities Gas
• History and Evolution
• Refining Capacity
• Indian Oil Corporation Limited
• Bharat Petroleum Corporation Limited
• Hindustan Petroleum Corporation Limited
• Numaligarh Refinery Limited
• Mangalore Refinery and Petrochemicals Limited
• Chennai Petroleum Corporation Limited
• OIL INDUSTRY SAFETY DIRECTORATE
• CENTRE FOR HIGH TECHNOLOGY
• ENGINEERS INDIA LIMIED
• Auto Fuel Vision and Policy-2025
• Guidelines for laying product pipelines
• Auto Fuel Policy
• About Bio Fuel
• Ethanol Blended Petrol (EBP) Programme
• Second Generation (2G) Ethanol
• Compressed Bio Gas
• National Policy On Bio-Fuels
• Report of the Expert Committee on Road Map for Ethanol Blending in India 2020-2025
• Synthetic Fuels
• Policy/Acts/Regulations of Other Ministries
• Policy/ Acts/ Regulations
• Make in India
• Matters related to MSMEs
• Skill Development
• Ease of Doing Business
• Hydrogen Mission
• Introduction
• LPG Section
• OMC Section
• Distribution Section
• Pricing Policy (PP) Section
• Apply for Market Authorization for Bulk/Retail Sale of MS/HSD
• Allocation of PDS Kerosene to States/UTs
• Product Pricing
• Regulatory measures
• Broadening the Petroleum Retail Infrastructure
• Ujjwala 2.0
• Targeted Subsidy to PMUY Consumers
• Customer Centric Initiatives in LPG
• PAHAL (Pratyaksh Hanstantrit Labh)

Pradhan Mantri Ujjwala Yojana (PMUY)

• DBTK (Direct Benefit Transfer in PDS Kerosene)
• PMGKY benefits to PMUY beneficiaries
• Emergency Helpline No. `1906’
• Retail Outlets
• Distribution
• About International Cooperation
• Joint Working Group
• Inter-Governmental Commission (IGC) / Joint Commission Meeting (JCM)
• Energy Diplomacy
• Organization of the Petroleum Exporting Countries (OPEC)
• International Energy Agency (IEA)
• International Energy Forum (IEF)
• Overseas Oil & Gas Assets of India
• Indian Strategic Petroleum Reserve Limited
• India Energy Week (IEW)
• About the Division
• Main Functions
• Schemes/Initiatives/Major Projects
• Policies/Guidelines/Orders
• CGD Network
• Orders & Notification
• Natural Gas Pipelines
• LNG Terminals
• CPSEs and its Subsidiaries
• Joint Venture Companies
• About Global Biofuels Alliance (GBA)
• The Launch of Global Biofuels Alliance (GBA)
• Latest News and Updates
• Industry Emergency Contact
• Right To Information Act 2005
• Document Under4(1)(b) of RTI 2005
• Document Under4(2)(Suo Motto) of RTI 2005
• Cpios & Appellate Authority
• Reports on RTI requests
• Swachhta Pakhwada compendium
• Monthly Cabinet Summery
• Annual Reports
• Indian PNG Statistics
• Price Build up of Petroleum
• Monthly Production
• Efficiency Parameters
• Weekly Production
• POL Prices and Under Recoveries
• Ready Reckoners
• Outstanding Utilization Cirtificate
• Chief Controller of Accounts
• Receipt and Expenditure
• Statement of Receipt & Expenditure
• Demands for Grants
• Outcome Budget
• Result Framework Document
• Result Framework Documents
• Press Release
• Photo Gallery
• Video Gallery
• Events & Advt
• Latest News
• Banned/holiday listed vendors/contractors of PSUs
• CVC Guideline on Tendering
• Citizen Charter
• About Project Development Cell
• MMC Darpan: Critical Issues
• Policies Acts and Notifications
• Rajya Sabha
• News letter on Green Hydrogen Initiative

Hon'ble Prime Minister of India

Hon'ble Minister of Petroleum and Natural Gas & Housing and Urban Affairs

Hon'ble State Minister of  Petroleum and Natural Gas & Labour and Employment

• Project Development Cell

PDC aims to enhance the investment friendly ecosystem that strongly supports the domestic investor.

• New Initiatives
• Events & Advt.

Committee Report on 'Policy on Synthetic Fuels - Synthetic fuels : Future Transport Fuel'

Vacancy Circular - Selection for the posts of Member (PNG) in APTEL (Pdf, 2.29MB)

Notice for inviting applications under Scheme for Providing Financial Assistance to Compressed Bio Gas (CBG) producers for procurement of Biomass Aggregation Machinery (BAM) (Pdf, 368.9KB)

Quaterly Newsletter - Hydrogen Times (January 2024 edition)

57th edition of Indian Petroleum and Natural Gas Statistics (IPNG) 2022-23 launched by Hon'ble Minister, MoPNG on 07.02.2024 at IEW 2024.

Tender for disposal of surplus/obsolete/unserviceable/condemned (Pdf, 368.9KB)

LPG consumers can now change their distributor through mobile app or websites of concerned Oil Marketing Companies.

Pradhan Mantri Garib Kalyan Package (PMGKP) – Free LPG refills to PMUY beneficiaries

Institute for conducting Screening of fields for implementing ER Methods (Pdf, 368.9KB)

Advertisement for the post of Director(Strategy & Corporate Affairs) in ONGC (Pdf, 368.9KB)

APPLICATIONS F0R SELECTION OF CHAIRPERSON, PETROLEUM AND NATURAL GAS REGULATORY BOARD (Re-advertised) (Pdf, 368.9KB)

Vacancy Circular -Engagement of retired Central Government officers as "Consultants" on contract basis in the Ministry of Petroleum and Natural Gas. (Pdf, 368.9KB)

Hydrogen Roundtable On 15th April 2021 : 'Hydorgen Economy- New Delhi Dialogue 2021' (Pdf, 368.9KB)

LAST DATE FOR SUBMISSION OF APPLICATION EXTENDED TO 16.03.2021 - APPLICATIONS FOR SELECTION OF MEMBER (LEGAL), PNGRB (Advt. 02) (Pdf, 368.9KB)

Minister Ministry of petroleum and natural gas shri Hardeep singh Puri along with PSU officials in meeting.

Minister Ministry of petroleum and natural gas shri Hardeep singh Puri attend Gastech Milan-2022.

Minister Ministry of petroleum and natural gas shri Hardeep singh Puri Visited oil terminal.

Secretary Ministry of petroleum and natural gas welcoming our new Minister shri Hardeep singh Puri

Minister Ministry of petroleum and natural gas shri Hardeep singh Puri addressing Officials

Whats New in Oil and Gas PSUs

MRPL and Karnataka Forest Department Sign MoU for Restoration and Rejuvenation of Kudumburu River and Adjoining Mangrove Forest Area

MRPL, co-hosts with CHT, Activity Committee Meet on "Best Inspection Practices"

Shri Rameshwar Teli, Union MoS MoPNG visits MRPL

Honorable PM dedicates two MRPL Projects to the Nation

MRPL s Hi-Q Retail Outlets Journey towards the milestone of commissioning of its 25th Retail Outlet.

Union Petroleum Secretary Reviews NRL Projects

NRL dedicates 120 Bedded COVID -19 Care Facilities with 20 bedded ICU at Jorhat Medical College and Hospital

MRPL hosts MOPNG's Azadi ka Amrit Mahotsav seminar

HPCL observes International Womens Day with the launch of HP SWAYAM Portal

NRL Celebrates International Women's Day with enthusiasm

Advertisement

Published On : 14.06.2023 , Mangalore Refinery and Petrochemicals Limited

Published On : 24.11.2022 , Mangalore Refinery and Petrochemicals Limited

Published On : 09.10.2022 , Mangalore Refinery and Petrochemicals Limited, Mangaluru

Published On : 02.09.2022 , Mangalore Refinery and Petrochemicals Limited

Published On : 19.03.2021 , Mangalore Refinery and Petrochemicals Limited (MRPL)

Published On : 08.03.2021 , HPCL

Published On : 08.03.2021 , Numaligarh Refinery Limited

Published On : 07.02.2021

Record not found.

Published On : 25.08.2021 , Mangalore Refinery and Petrochemicals Limited (MRPL)

Published On : 23.06.2021 , Numaligarh Refinery Limited

Published On : 14.06.2021 , Numaligarh Refinery Limited

Published On : 01.02.2021 , EIL

Related Links

• Azadi Ka Amrit Mahotsav activities of Ministry
• 36th international Geological Congress 2nd - 8th March 2020
• Press Information Bureau
• Gazette of India
• Ethanol weekly report
• PAHAL (DBTL) Beneficiaries(Cr.)- 28.79 Cr
• Cash Given(Rs. Cr.) - 1,42,926 Cr

Product Methodologies

• POL Price & Recoveries
• Price Build ups of Petroleum Products
• Petroleum Conservation
• Petroleum Statistics
• SAKSHAM BHARAT

Quick Links

• About the Marketing Division
• Right to Information(RTI)

Welfare Schemes

Empowered Woman Empowered Karnataka Powered by : UJJWALA

Share a Feedback

External site alert

This link shall take you to a external webpage. For any query regarding the contents of the linked page, please contact the webmaster of the concerned website.

Minister of Petroleum and Natural Gas

This link shall take you to a webpage outside mopng.gov.in. For any query regarding the contents of the linked page, please contact the webmaster of the concerned website.

We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET EnergyWorld

We use cookies to ensure best experience for you

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalize content and targeted ads, analyze site traffic, and understand where our audience is coming from. You can also read our privacy policy , We use cookies to ensure the best experience for you on our website.

By choosing I accept, or by continuing being on the website, you consent to our use of Cookies and Terms & Conditions .

• The Middle East and Africa
• Leaders Speak
• Brand Solutions
• India's Chennai Petroleum sees two year delay in building new 180,000 bpd refinery

India, the world's third biggest oil consumer and producer, is expanding its refining capacity as it is expected to be the largest driver of global oil demand growth between 2023 and 2030, according to the International Energy Agency.

• Updated On Apr 30, 2024 at 01:37 PM IST

• Published On Apr 30, 2024 at 01:31 PM IST

All Comments

By commenting, you agree to the Prohibited Content Policy

Find this Comment Offensive?

• Foul Language
• Inciting hatred against a certain community
• Out of Context / Spam

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis., download etenergyworld app.

• Get Realtime updates
• Save your favourite articles

• Chennai Petroleum
• Nagapattinam
• construction
• oil demand growth
• Indian Oil Corp
• Chennai Petroleum Corp Ltd

Sinopec Challenges India's Energy Influence with New Sri Lanka Refinery

T he world's biggest refiner, China Petroleum & Chemical Corporation, or Sinopec, is accelerating plans to build its first fully-owned refinery outside China.

Sinopec is set to complete a feasibility study in June to build one or two refineries in Sri Lanka as China looks to capitalize on its foreign investments. China Merchants Port Holdings has developed and operates the Hambantota port in Sri Lanka, an island very close to India.

Both China and India are vying to boost their energy presence in Sri Lanka to deliver fuel to the country, which has only one refinery built in the 1960s by Iran, capable of processing about 38,000 barrels per day (bpd).

Sinopec is now close to completing its feasibility study on whether to build a 160,000-bpd refinery or two 100,000-bpd facilities at the China-run Hambantota port, senior industry sources told Reuters this week.

The project in Sri Lanka is considered a top priority at Sinopec, according to the sources.

At the end of 2023, Sri Lanka's government approved a contract to Sinopec to enter into an agreement to establish a new Petroleum Refinery and Associated Product Processing center in Hambantota, Sri Lanka's Minister of Power and Energy, Kanchana Wijesekera, said at the time.

Last month, Sinopec officials discussed the proposed new refinery and indicated that the Chinese giant had decided to double the capacity of the refinery from the original proposal and the investment. The Chinese firm intends to sign the agreements for the project and commence work by June 2024, the Sri Lankan energy minister said. Sinopec has discussed issues regarding water supply, power supply, and land allocation for the new refinery with the relevant authorities.

The refinery project in Sri Lanka is a move by the top Chinese and global refiner to secure more markets overseas.

Another major priority for Sinopec is a planned expansion of the Yanbu refinery with a petrochemicals complex in Saudi Arabia, where joint venture partners Sinopec, Saudi Aramco, and SABIC are exploring the idea of adding a new petrochemical complex to be integrated with the existing refinery.

If Sinopec's project in Sri Lanka goes through, it would be the first fully-owned refinery of the refining giant abroad.

Sinopec already signed last year an agreement with the Board of Investment of Sri Lanka (BOI) to operate and set up fuel stations for distribution in Sri Lanka. The Chinese giant has invested $100 million in the project, which includes the import, storage, and sales of fuel.

Sinopec and China will have to compete with India, which has also set sights on boosting its energy relations and infrastructure links with Sri Lanka.

In February 2024, Sri Lanka's Energy Minister Wijesekera discussed with executives of state-owned Indian Oil Corp (IOC) a proposal by the Indian Government through IOC for a multi-product oil pipeline connecting Nagapattinam in India with the Trincomalee Tank Farm on Sri Lanka's east coast and Colombo.

Technical studies, demand market analyses, financial analyses, and business models will be carried out to decide on the mechanism of a potential product pipeline, the minister noted.

India and Sri Lanka have made significant progress on the discussions and are looking to make an official arrangement or agreement on a potential pipeline "as soon as possible," an anonymous Indian official directly aware of the talks told Reuters.

India is also involved in the construction of renewable energy plants, including a planned solar park, Sampur Ground Mount Solar Project, developed by a joint venture between NTPC of India and Sri Lanka. The project has progressed to the request for proposal (RFP) stage, and negotiations will begin for the power purchase agreement for the first phase of 50 MW of the 120 MW solar park once the RFP is evaluated.

By Tsvetana Paraskova for Oilprice.com

India saved USD 13 billion by importing discounted Russian crude

NEW DELHI: India has saved around $13 billion by importing discounted crude oil from Russia in the past two years, according to a study by ICRA, the rating agency.

However, the rating agency's report also highlights a decreasing trend in the discount on crude year-on-year. India, being one of the largest energy consumers globally, has significantly increased its imports of crude oil from Russia since the latter's invasion of Ukraine in 2022.

The share of crude petroleum imported from Russia surged to around 36% in the 11 months of the fiscal year 2024 from a mere 2% in the fiscal year 2022.

“ICRA estimates this to have led to savings in India’s oil import bill amounting to $5.1 billion in FY2023 and $7.9 billion in 11M FY2024, thereby compressing India’s current account deficit (CAD)/GDP ratio by 15–22 bps in FY2023-24,” reads the study of ICRA.

According to energy cargo tracker Vortexa, India received 1.36 million barrels of crude oil per day from Russia in March 2024, compared to 1.27 million barrels per day in February 2024. According to the Commerce Ministry of India, the country imported $3.61 billion worth of crude oil from Russia in February 2024, following $4.47 billion in January 2024.

The reason behind Russia becoming the top supplier to India is its offer of discounted crude. After Western countries shunned Russian crude, India and China emerged as the biggest beneficiaries. Industry estimates suggest the discount on Russian crude oil was over $30 per barrel in 2022, but has fallen below $5 per barrel in 2024.

ICRA reports that the monthly discounts relative to price significantly narrowed throughout fiscal year 2024, from approximately 23% in April-August to an average of around 8% in September-February, resulting in a notable decline in savings during the latter period.

Consequently, if the discounts on purchases of Russian crude persist at the current low levels, ICRA anticipates India's net oil import bill to rise to $101-104 billion in fiscal year 2025 from $96.1 billion in fiscal year 2024, assuming an average crude oil price of $85 per barrel for the fiscal year.

Previously, Iraq, Saudi Arabia, and the UAE were India's traditional crude oil suppliers. According to February 2024 data from the Ministry of Commerce and Industry, India imported $2.6 billion worth of crude oil from Saudi Arabia, placing it in second position. The third position was filled by Iraq, with $2.24 billion worth of crude oil imported in February 2024. Overall, India's oil import bill for February 2024 stood at $13.25 billion.

Follow The New Indian Express channel on WhatsApp  

Download the TNIE app to stay with us and follow the latest

Related Stories

• Ground Reports
• 50-Word Edit
• National Interest
• Campus Voice
• Security Code
• Off The Cuff
• Democracy Wall
• Around Town
• PastForward
• In Pictures
• Last Laughs
• ThePrint Essential

By Nidhi Verma NEW DELHI (Reuters) – India’s Chennai Petroleum Corp Ltd will build a 180,000 barrels per day (bpd) refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said on Monday.

India, the world’s third biggest oil consumer and producer, is expanding its refining capacity as it is expected to be the largest driver of global oil demand growth between 2023 and 2030, according to the International Energy Agency.

Chennai Petroleum initially planned to complete the refinery by the end of 2025.

The company recently changed the capital structure of the joint venture building the project, with its parent company Indian Oil Corp controlling a 75% stake and Chennai Petroleum the remainder.

The joint venture is awaiting approval from the government on the new equity structure, Agrawala said, adding that 36 months would be needed from then to complete construction of the plant and three months for commissioning.

He said the project cost had also been revised to about 364 billion rupees ($4.36 billion), with about 66% of that to be met through debt. In a recent stock exchange filing, Chennai Petroleum had pegged the previous cost at about 294 billion rupees.

Chennai Petroleum also operates the 210,000 bpd Manali refinery at Chennai in southern Tamil Nadu state.

Agrawala said his company planned to shut some units at the Manali refinery for a month-long maintenance in July-August.

($1 = 83.4422 Indian rupees)

(Reporting by Nidhi Verma; Editing by Mark Potter)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

Subscribe to our channels on YouTube , Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here .

LEAVE A REPLY Cancel

Save my name, email, and website in this browser for the next time I comment.

Most Popular

Why ‘washing machine’ is drowning discourse in ‘koda land’ singhbhum in jharkhand, why ec wants aap to ‘modify’ & resubmit campaign song ‘jail ka jawab vote se denge’, kolkata to california—kalighat krishna, durga, ram go global.

Required fields are marked *

Copyright © 2024 Printline Media Pvt. Ltd. All rights reserved.

• Terms of Use
• Privacy Policy

• Personal Finance
• Today's Paper
• Partner Content
• Entertainment
• Social Viral
• Pro Kabaddi League

India, Nigeria agree to early conclusion of local currency settlement

A local currency settlement system between the two countries would help in promoting the use of indian rupee and nigerian naira for cross-border transactions.

Photo: Bloomberg

Listen to This Article

India vs australia t20s full schedule, squads, match timing, live streaming, india vs australia final: odd similarities between 2 world cup grand finale, wi-aus test: joseph's 7 wkts help west indies beat australia in a thriller, india vs australia, afc asian cup highlights: blue tigers go down defending, nigeria aims brics in two years, join g-20 in new foreign policy push, from helipads to drone zones: here's how nhai plans to transform highways, parents to sue serum institute over daughter's alleged covishield death, ex-mp dhananjay singh released from bareilly jail after hc grants bail, 100 schools in delhi-ncr receive bomb threats; delhi police suspects hoax, maharashtra day 2024: schools, banks, offices to remain closed today.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 01 2024 | 12:48 PM IST

Explore News

• Suzlon Energy Share Price Adani Enterprises Share Price Adani Power Share Price IRFC Share Price Tata Motors Share Price Tata Steel Share Price Yes Bank Share Price Infosys Share Price SBI Share Price Tata Power Share Price HDFC Bank Share Price
• Latest News Company News Market News India News Politics News Cricket News Personal Finance Technology News World News Industry News Education News Opinion Shows Economy News Lifestyle News Health News
• Today's Paper About Us T&C Privacy Policy Cookie Policy Disclaimer Investor Communication GST registration number List Compliance Contact Us Advertise with Us Sitemap Subscribe Careers BS Apps
• Budget 2024 Lok Sabha Election 2024 IPL 2024 Pro Kabaddi League IPL Points Table 2024